vOj^* 


vN^^' 


LIBRARY 

OF  THE 

University  of  California. 


GIFT  OF 


Ti.^".  CJbuvvv\i>-ou  r^  Ct/^vwx^'t/ua. 


Class 


I.  ^ 


A    PLE  DGE 


OF 


INTEfiMTIONAL  FRIENDSHIP. 


AN     ACCOUNT 


OF  A 


week's  entertainment  in  LONDON  OF  THE  DELEGATION  FROM 
THE  CHAMBER  OF  COMMERCE  OF  THE  STATE  OF  NEW- YORK 
BY  THE  LONDON  CHAMBER  OF  COMMERCE,  INCLUDING  THE 
RECEPTION  BY  THEIR  MAJESTIES  THE  KING  AND  QUEEN  AT 
WINDSOR  CASTLE  ;  THE  RECEPTION  BY  THE  AMERICAN 
AMBASSADOR  ;  THE  BANQUET  AT  GROCERS'  HALL  ;  THE 
RECEPTION  BY  LORD  BRASSEY  ;  THE  RECEPTION  BY  THE 
LORD  MAYOR  AT  THE  MANSION  HOUSE  AND  THE  LUNCHEON 
AT    SALTERS'    HALL. 


June  1st  to  7th,   1901 

'    -  o     rne    ^     'N 
or  ^     ^      / 

Wit)j  the  Compliments  ^ 
GEORGE  WrLSOf4, 
Secretary. 


^^"i 


A'^-^ 


^. 


,n- 


Press  or  the  Chamber  of  Commbrcb. 


CONTENTS. 


Pagb 

Part- ATOHf"  Note, 3 

The  Rkckption  at  Windsok  Castle, 14 

CONFEEENCE  BETWEEN  THE  DELEGATES  OF  THE   NeW-ToRK  CHAM- 
BER OF  Commerce  and  the  Reception  Committee  of  the 
London  Chamber  of  Commerce,        .  .        ...        .18 

18 
23 
71 
71 


Reception  by  the  American  Ambassador,    . 

The  Banquet  by  the  London  Chamber  of  Commerce, 

Reception  by  Lord  Brassey, 

Reception  by  the  Lord  Mayor  at  the  Mansion  House, 
Luncheon  by  the  London  Chamber  of  Commerce  at  Salters' 
Hall. 77 


r^4G()9 


PREFATORY    NOTE 


The  interchange  of  expressions  of  international  good- 
will, of  which  the  following  pages  present  a  record,  was 
the  outward  and  visible  manifestation  of  the  growing 
feeling  of  community  of  interest  between  the  two  great 
divisions  of  English-speaking  people.  There  have  been 
no  more  assiduous  or  influential  exponents  of  that  feel- 
ing than  the  Chambers  of  Commerce  of  London  and 
New- York.  When  the  diplomatic  relations  between 
the  United  Kingdom  and  the  United  States  became 
somewhat  strained,  because  of  a  difference  of  opinion 
in  regard  to  the  boundary  line  of  Venezuela,  the  Lon- 
don Chamber  appealed  to  the  New- York  Chamber  to 
use  its  good  offices  in  the  cause  of  a  peaceful  solution 
of  the  difficulty.  The  call  was  responded  to  in  a  way 
which  appears  to  have  made  a  lasting  impression.  Ac- 
cording to  Lord  Brassey  it  was  the  desire  to  mark 
their  deep  sense  of  the  service  thus  rendered  that 
prompted  the  Council  of  the  London  Chamber  to  send 
the  invitation  which  resulted  in  the  series  of  entertain- 
ments of  which  an  account  is  here  presented. 


It  would  be  difficult  to  exaggerate  the  value  of  the 
sentiments  of  friendship  which  this  week  of  hospitality- 
evoked.  The  very  gracious  reception  accorded  to  the 
delegates  from  New- York  by  their  Majesties,  the  King 
and  Queen,  was  a  fitting  prelude  to  the  manifestations 
of  good  feeling  which  followed  it,  and  the  ^King  him- 
self struck  the  keynote  of  many  speeches  of  welcome 
by  recognizing  that  the  presence  in  England  of  such  a 
representative  body  of  American  business  men  was 
highly  significant  of  the  close  and  friendly  relations  ex- 
isting between  the  two  countries,  no  less  than  of  a  desire 
on  both  sides  to  make  them  more  intimate.  The  Mar- 
quis of  Lansdowne,  the  Secretary  of  State  for  Foreign 
Affairs,  expressed,  in  his  speech  at  the  banquet,  a  feel- 
ing whose  sincerity  was  fully  impressed  on  the  dele- 
gates during  their  stay  in  London,  when  he  said  that  it 
was  difficult  to  think  of  the  relations  of  his  country 
with  the  United  States  of  America  as  foreign  relations. 
Lord  Bkassey,  the  President  of  the  London  Chamber, 
could  think  of  no  nobler  cause  to  engage  the  efforts  of 
the  statesman,  the  man  of  business,  the  man  of  letters, 
of  citizens  of  all  classes,  than  that  of  binding  the 
United  States  and  Great  Britain  closer  in  the  bonds  of 
kindly  sentiment.  Lord  Avebuey,  President  of  the 
Association  of  Chambers  of  Commerce  of  the  United 
Kingdom,  claimed  that  commerce  is,  after  all,  the  great 
peacemaker  of  the  world,  "binding  us  all  together  in 


links  of  gold  ;"  and,  in  speaking  to  the  toast  of  '*  Our 
Kin  Beyond  the  Sea,"  Lord  Alverstone,  Lord  Chief - 
Justice  of  England,  paid  a  tribute  to  the  warmth  of 
welcome  extended  to  Englishmen  in  the  United  States 
— "a  welcome  that  convinces  you  there  is  something 
more  than  the  mere  skin  deep  hospitality  which  some 
people  think  is  the  only  thing  necessary  to  bind  people 
together." 

The  spokesmen  of  the  visiting  delegation  rang  the 
changes  on  the  dominant  theme  in  a  way  that  com- 
manded the  attention  not  only  of  their  hearers,  but  also 
of  the  people  and  press  of  both  hemispheres.  Mr. 
Jesup's  heartfelt  acknowledgment  of  the  reception 
given  to  him  and  his  associates  was  very  thoroughly 
appreciated,  and  he  awakened  a  sympathetic  response 
when,  disclaiming  all  jealous  rivalry  between  the  two 
nations,  he  added :  "  Banding  ourselves  together  hand  in 
hand,  shoulder  to  shoulder,  heart  beating  with  heart,  let 
us  emulate  one  another,  endeavoring  to  extend  to  the 
ends  of  the  earth  the  blessings  of  our  civil  and  religious 
liberty,  to  tell  the  world  of  the  holy  brotherhood  of 
man."  Mr.  Higgins  struck  a  responsive  chord  when 
he  referred  to  the  graciousness  of  the  reception  ac- 
corded the  delegates  by  the  King  and  Queen,  and  to 
"its  freedom  from  all  restraints  of  cold  etiquette,  its 
unmistakable  cordiality  and  friendship."  A  special 
meed  of  applause  was  given  to  the  closing  words  of  the 


6 

speech  of  Mr.  Hepburn  at  the  banquet :  "  With  par- 
allel boundaries  and  parallel  interests,  with  kindred 
ties  and  kindred  institutions,  with  united  purpose  and 
united  power,  we  will,  as  we  contend  in  harmony  for 
primacy  in  trade,  strive  also  for  the  uplifting  of  human- 
ity and  the  proper  solution  of  those  great  economic  and 
social  problems  that  must  ever  confront  a  government 
of  a  great  people."  On  the  same  exalted  plane  of  sen- 
timent were  the  remarks  of  Mr.  Carnegie,  to  the  effect 
that  no  statesman  or  body  of  statesmen  could  bring 
about  a  war  between  the  two  branches  of  the  race  with- 
out dishonor,  and  his  aspiration  that  "the  day  is  com- 
ing when  patriotism  of  race  will  arise,  not  to  supplant 
that  precious  sentiment,  patriotism  in  any  country,  but 
to  supplement  it,  to  extend  it,  and  to  dignify  it,  and 
make  it  something  of  which  our  race  will  be  prouder 
than  of  any  other  victory  it  has  ever  obtained."  Mr. 
Griscom  cited  a  most  impressive  evidence  of  the 
ties  of  kinship  existing  between  the  two  peoples  by 
telling  how,  shortly  after  the  cable  had  announced  the 
sad  tidings  of  the  death  of  the  Queen,  he  was  walking 
by  our  Independence  Hall,  from  whose  steps  was  read 
the  Declaration  of  Independence,  and  found  the  Ameri- 
can flag  on  the  spire  flying  at  half  mast,  "  a  spontaneous 
act  of  affection  and  respect  more  significant  from  that 
spire  than  any  other."  He  was  loudly  applauded  when 
he  added  that  it  was  such  affection  and  respect,  stronger 


than  treaties,  which  ensured  the  progress  of  the  civiliza- 
tion of  the  world. 

The  tone  of  earnestness  and  deep  feeling  which  per- 
vaded all  the  speeches  made  at  the  banquet,  at  the  Lord 
Mayor's  reception  and  the  luncheon  at  Salters'  Hall, 
was  not  lost  on  the  public  on  either  side  of  the  Atlantic. 
The  amplitude  and  detail  of  the  cable  reports  of  all  the 
incidents  of  the  visit  were  fully  equalled  by  the  copious 
comments  of  the  American  press  on  its  international 
significance.  With  a  few  not  very  noiable  exceptions, 
these  comments  were  in  a  vein  generously  appreciative 
of  the  spirit  which  had  animated  both  hosts  and  guests. 
That  the  events  of  the  last  few  years  have  drawn  both 
countries  closer  to  each  other  was  fully  exemplified  in 
the  almost  entire  absence  of  ill-natured  criticism  from 
the  editorial  treatment  of  the  subject  by  newspapers  of 
all  shades  of  opinion  here,  and  by  the  extreme  cordi- 
ality manifested  by  the  press  of  Great  Britain  and  its 
colonies  and  dependencies  toward  the  central  idea  of  the 
week  of  international  fraternization.  The  newspapers 
of  British  India  devoted  columns  to  full  reports  of  the 
banquet  and  the  other  functions,  and  the  Canadian  and 
Australian  press  were  equally  prompt  to  give  them  the 
stamp  of  pre-eminent  public  interest.  It  was  truly  one 
of  the  notable  victories  of  peace  at  which  the  delega- 
tion from  the  Chamber  of  Commerce  of  the  State  of 
New-York  assisted  in  their  memorable  visit  to  London, 


as  the  guests  of  a  body  which  allows  no  opportunity  to 
pass  of  manifesting  its  deep  interest  in  the  cultivation 
of  friendly  relations  between  the  United  States  and  the 
United  Kingdom,  and  of  rejoicing  at  the  many  evi- 
dences which  have  been  afforded  of  the  growth  of  more 
cordial  and  closer  relations  between  the  governments  of 
both  countries. 

As  a  fitting  sequel  to  the  interchange  of  courtesies 
herein  recorded,  Mr.  Jesup  took  occasion,  on  behalf  of 
the  New- York  Chamber  of  Commerce,  to  extend  to 
Lord  Brassey  and  his  associates  a  most  cordial  invita- 
tion to  be  with  us  in  a  year  from  now,  and  witness,  with 
us,  the  opening  of  our  new  building.  The  ceremonies 
attendant  on  that  occasion  would  unquestionably  derive 
new  interest  from  participation  in  them  by  representa- 
tives of  the  London  Chamber,  and  the  cause  of  inter- 
national amity  can  hardly  fail  to  derive  new  strength 
from  this  much  desired  visit. 

Chamber  of  Commerce, 
New- York,  October  'dlst,  1901. 


A     PLEDGE 


INTERNATIONAL  FRIENDSHIP. 


When  in  the  year  1770  John  Ckugeb,  President  of  a 
Society  of  Merchants  in  the  City  of  New- York,  pre- 
sented on  their  behalf  to  Cadwallader  Colden,  the 
Lieutenant-Governor  and  Commander-in-Chief  of  the 
Province  of  New- York,  a  petition  praying  that  the 
Society  might  be  incorporated  as  a  body  politic,  he 
declared  himself  and  his  associates  to  be  "sensible  that 
numberless  inestimable  benefits  have  accrued  to  man- 
kind from  commerce ;  that  they  are,  in  proportion  to 
their  greater  or  lesser  application  to  it,  more  or  less 
opulent  and  potent  in  all  countries ;  and  that  the 
enlargement  of  trade  will  vastly  increase  the  value  of 
real  estates  as  well  as  the  general  opulence  of  our  said 
colony."  Among  the  benefits  which  these  petitioners 
had  in  mind  there  was,  doubtless,  the  promotion  of 
international  peace  and  good  will,  no  less  than  of  "  the 
commercial,  and,  consequently,  the  landed  interests  of 
our  said  growing  colony."  But  being  prudent,as  well  as 
practical  men,  they  did  not  seek  to  transcend  the  com- 
paratively humble  role  assigned  by  the  Royal  Charter  to 


10 

"The  Corporation  of  the  Chamber  of  Commerce  in  the 
City  of  New- York  in  America  "  of  "  an  institution  from 
whence  great  advantages  may  arise,  as  well  to  our  king- 
dom of  Great  Britain  as  to  our  said  province."  About  the 
last  thing  that  could  have  occurred  to  His  Majesty  GtEOEGE 
the  Third,  when  he  expressed  his  willingness  to  further, 
in  the  matter  of  this  charter,  ''  the  laudable  designs  of 
our  said  loving  subjects,"  was  that  officers  and  members 
of  the  institution  then  and  thus  founded  should  be 
welcomed  by  his  great  grandson  as  representatives  of 
the  trade  and  finance  of  a  vast  and  powerful  Republic, 
known  as  the  United  States  of  America.  Still  less 
could  he,  or  any  one  of  that  generation,  have  foreseen 
that  in  the  not  distant  future  the  strength  and  pros- 
perity of  the  British  Empire  should  be  so  closely 
identified  with  the  good  will  of  the  nation  which  had 
sprung  from  the  revolt  of  the  colonies  that  the  London 
Chamber  of  Commerce  was  moved  to  urge  upon  the 
British  Government,  "the  desirability  of  utilizing  every 
opportunity  which  may  present  itself  for  co-operation 
with,  the  Government  of  the  United  States,  which  would 
powerfully  conduce  to  the  maintenance  of  a  feeling  of 
security  for  the  vast  commercial  and  financial  connec- 
tions of  the  two  nations." 

By  way  of  showing  how  fully  impressed  they  were 
with  the  necessity  of  promoting  friendly  relations 
between  the  United  Kingdom  and  the  United  States, 
the  Council  of  the  London  Chamber  resolved,  in  May, 
1899,  to  invite  a  delegation  of  the  New- York  Chamber 
to  a  dinner  to  take  place  on  a  day  to  be  fixed  to  suit 
the  convenience  of  their  guests.  The  invitation  was 
cordially   accepted   by   a   resolution  adopted   by   the 


11 

Chamber  at  the  meeting  of  June  1st,  1899,  and  tbe 
arrangements  were  left  to  its  Executive  Committee  "in 
consultation  with  our  host."  Pre-occupation  on  one 
side  in  regard  to  the  war  in  South  Africa,  and  on  the 
other  with  the  issues  of  the  Presidential  election,  pre- 
vented the  selection  of  the  year  1900  for  the  pro- 
posed visit.  After  some  correspondence,  the  date  of 
June  fith,  1901,  was  finally  chosen  for  the  dinner,  it 
being  understood  that  other  social  events  before  and 
after  this  date  should  be  arranged  for  by  the  London 
Chamber.  The  programme  finally  resolved  itself  into 
a  week  of  continuous  festivity,  beginning  with  June  1st 
and  ending  with  June  7th.  The  following  gentlemen 
were  designated  to  represent  the  Chamber  of  Commerce 
of  the  State  of  New- York  : 

Mr.  MoEEis  K.  Jesup,  President  of  the  Chamber. 

Hon.  Levi  P.  Morton,  Ex- Vice-President  of  the 
United  States  and  Vice-President  of  the  Chamber. 

Hon.  Cornelius  N.  Bliss,  Ex-Secretary  of  the 
Interior  of  the  United  States. 

Mr.  J.  PiERPONT  Morgan,  Vice-President  of  the 
Chamber. 

Mr.  Andrew  Carnegie,  Vice-President  of  the 
Chamber. 

Mr.  John  T.  Terry,  Vice-President  of  the  Chamber. 

Mr.  George  Wilson,  Secretary  of  the  Chamber. 

Mr.  IsiDOR  Straus. 

Mr.  Charles  A.  Schieren. 

Mr.  William  Butler  Duncan. 

Mr.  Clement  A.  Griscom. 

Mr.  Charles  Lanier. 


12 

Mr.  James  Speyer. 

Mr.  A.  Foster  Higgins. 

Mr.  Eugene  Delaito. 

Mr.  A.  Barton  Hepburn. 

Mr.  John  I.  Waterbury. 

Mr.  Levi  C.  Weir. 

Mr.  William  H.  Parsons. 

Mr.  James  McCreery. 

Mr.  George  G-ray  Ward. 

Mr.  James  W.  Pinohot. 

Mr.  Vernon  H.  Brown. 

Mr.  Francis  R.  Appleton. 

Mr.  Clarence  Gary. 

Mr.  J.  PiERPONT  Morgan,  Jr. 

Mr.  George  S.  Bowdoin. 

Mr.  William  Bayard  Cutting. 

On  the  part  of  the  London  Chamber,  the  following 
influential  and  representative  Committee  was  appointed 
for  the  reception  of  the  American  visitors  : 

The  Rt.  Hon.  Lord  Brassey,  K.  C.  B.,  President  of 
the  London  Chamber,  Chairman. 

The  Rt.  Hon.  Lord  Rothschild. 

The  Rt.  Hon.  Lord  Avebury. 

The  Rt.  Hon.  Lord  Revelstoke. 

The  Ri^ht  Hon.  Lord  Hillingdon. 

The  Rt.  Hon.  The  Lord  Mayor. 

Alderman  Sir  Joseph  Dimsdale,  M.  P. 

Sir  Albert  K.  Rollit,  M.  P.,  Vice-President  of 
London  Chamber. 

Dr.  Walter  Leaf,  Vice-President  of  London  Cham- 
ber. 


13 

Mr.    W.   H.    WiLLANS,   Vice-President  of  London 
Chamber. 

Mr.  J.  H.  Tritton,  Vice-President  of  London  Cham- 
ber. 

Major  S.  Flood  Page,  Member  of  Council  of  London 
Chamber. 

Mr.    Charles  Chableton,   Member  of    Council  of 
London  Chamber. 

Lieutenant-General    J.    Wimburn-Laueie,    M.    P., 
Member  of  Council  of  London  Chamber. 

Sir     Vincent    Kennett-Bareington,    Member    of 
Council  of  London  Chamber. 

Mr.  John  J.  Jackson,  Member  of  Council  of  London 
Chamber. 

Mr.  Albert  Spicer,  Member  of  Council  of  London 
Chamber. 

Mr.   GrEOEGE   N.   Hooper,    Member  of   Council    of 
London  Chamber. 

The  Hon.  Alban  Gr.  H.  Gtibbs,   M.  P.,  Member  of 
Council  of  London  Chamber. 

Sir  Christopher  Furness,  Bart.,  M.  P. 

Sir  Thomas  J.  Lipton. 

Mr.  J.  Denison-Pendeb. 

Mr.  Albert  Gr.  Sandeman,  Past-President  of  London 
Chamber. 

Mr.  Thomas  P.  Black  well.  Chairman  of  Council  of 
London  Chamber. 

Mr.  J.  Innes  Rogers,  Deputy  Chairman];of  Council 
of  London  Chamber. 

Mr.  W.  Beoket  Hill,  Member  of  Council  of^London 
Chamber. 


14 

Mr.  John  S.  Gilliat,  Member  of  Council  of  London 
Chamber. 
Mr.  S.  Hope  Morley. 
Colonel  HuNSiKER. 
Mr.  H.  S.  Wellcome. 
Mr.  Clintoit  Dawkins. 
Mr.  M.  P.  Grace. 

Mr.  Alex.  Hargreaves  Brown,  M.  P. 
Mr.  Frank  Johnston. 
Mr.  P.  O.  Schuster. 
Mr.  Charles  A.  Hanson. 
Mr.  E.  Speyer. 
Mr.  C.  Seton  Lindsay. 
Mr.  J.  H.  Seaverns. 
Mr.  Murray  Marshall. 

THE  RECEPTION  AT  WINDSOR  CASTLE. 

The  first  of  the  notable  events  of  a  week  of  hos- 
pitality, most  admirably  arranged  by  this  Committee, 
was  the  reception  accorded  to  the  Delegates  of  the 
Chamber  by  their  Majesties,  the  King  and  Queen,  at 
Windsor  Castle,  on  Saturday,  June  1st.  As  the  Court 
was  in  mourning  for  Her  late  Majesty  Queen  Victoria, 
this  function  was,  necessarily,  regarded  as  strictly  pri- 
vate, and  the  party  was  confined  to  the  representatives 
of  the  Chamber  and  those  designated  by  their  hosts 
to  accompany  them.  The  latter  consisted  of  the  Rt. 
Hon.  Lord  Brassey,  Mr.  Albert  G.  Sandeman  and 
Mr.  Kenric  B.  Murray,  the  President,  Past- President 
and  Secretary  respectively  of  the  London  Chamber. 


15 

The  Delegates  from  the  New- York  Chamber  present 
were: 

Mr.  MoEEis  K.  Jesup. 

Hon.  Levi  P.  Moeton. 

Hon.  Cornelius  N.  Bliss. 

Mr.  J.  PiERPONT  Morgan. 

Mr.  John  T.  Terry. 

Mr.  George  Wilson. 

Mr.  IsiDOR  Straus. 

Mr.  William  Butler  Duncan. 

Mr.  James  Speyer. 

Mr.  A.  Foster  Higgins. 

Mr.  Eugene  Delano. 

Mr.  A.  Barton  Hepburn. 

Mr.  John  I.  Waterburt. 

Mr.  Levi  C.  Weir. 

Mr.  William  H.  Parsons. 

Mr.  James  McCreery. 

Mr.  George  Gray  Ward. 

Mr.  James  W.  Pinchot. 

Mr.  Yernon  H.  Brown. 

Mr.  J.  Pierpont  Morgan,  Jr. 

Mr.  George  S.  Bowdoin. 

Mr.  William  Bayard  Cutting. 

The  party  arrived  at  Windsor  shortly  after  three 
o'clock,  and  were  received  at  the  station  on  behalf  of 
his  Majesty,  by  Lord  Edward  Pelham  Clinton. 
Carriages  were  in  waiting  for  the  visitors,  under  the 
personal  charge  of  Mr.  D.  Hickey,  Superintendent  of 
the  Royal  Mews,  and  entering  these  they  were  driven 
through   the    town    by  way   of    the    Long  Walk    of 


16 

Windsor  Great  Park  to  the  grounds  at  Frogmore. 
They  then  went  direct  to  the  Royal  Mausoleum,  where 
Lord  Farquhar,  the  Master  of  the  Household,  met 
them  on  behalf  of  his  Majesty,  and  showed  them  the 
Interior  of  the  building  with  the  tomb  of  Queen 
Victoria  and  the  Prince  Consort.  The  visitors  in- 
spected with  reverent  interest  the  great  collection  of 
the  still  preserved  wreaths  and  other  floral  tributes  sent 
for  the  funeral  of  the  late  Queen,  and  took  special 
notice  of  those  offerings  which  came  from  different 
colonies  and  dependencies  of  the  Empire. 

On  leaving  the  Mausoleum  the  party  re-entered  the 
carriages  and  were  driven  to  the  Castle,  whence  they 
were  taken  to  St.  George's  Chapel.  Here  they  were 
joined  by  the  Dean  of  Windsor,  who  acted  as  guide. 
They  were  much  impressed  by  the  beauties  of  the 
interior  of  St.  George's,  but  still  more  by  those  of  the 
Albert  Memorial  Chapel,  where  lie  the  remains  of  the 
late  Duke  of  Clarence,  the  King's  eldest  son,  and  the 
late  Duke  of  Albany.  Permission  to  inspect  the 
Memorial  Chapel  is  a  privilege  which  is  rarely  accorded. 

This  inspection  over,  the  Delegates  were  conducted 
to  the  East  Terrace,  where  they  waited  a  few  minutes 
while  Lord  Edward  Peliiam  Clinton  went  to  the 
Drawing  Room  to  announce  their  presence  to  the  King 
and  Queen.  Their  Majesties  came  out  on  the  Terrace 
to  greet  them,  attended  by  the  Earl  of  Kintore,  Lord- 
in- Waiting,  and  other  officers  and  members  of  the  Royal 
household.  With  their  Majesties  were  the  Princess 
Victoria  and  the  three  cliildren  of  the  Duke  and 
Duchess  of  Cornwall,  one  of  whom  the  Queen  led  by 
the  hand.     The  guests  uncovered  while  Lord  Kintore 


17 

presented  them  individually  to  their  Majesties,  the 
King  raising  his  hat  to  each  Delegate  as  his  name  was 
announced.  The  King  and  Queen  then  shook  hands  in 
turn  with  each  visitor,  and  this  part  of  the  ceremony- 
over,  hats  were  resumed,  and  the  King  and  Queen 
chatted  affably  and  graciously  with  their  guests.  After 
a  quarter  of  an  hour  or  so  of  conversation,  their 
Majesties  bade  farewell  to  the  visitors  and  withdrew  to 
the  Upper  Terrace,  The  King  wished  it  to  be  under- 
stood that  he  regarded  the  presence  in  England  of  such 
a  representative  body  of  American  business  men  as 
highly  significant  of  the  close  and  friendly  relations 
existing  between  the  two  countries,  and  in  furtherance 
of  that  feeling,  he  expressed  his  delight  at  being  able 
to  welcomfe  them  to  his  Castle  and  make  their  acquain- 
tance. 

The  visitors  were  then  taken  to  the  Orangery,  where 
light  refreshments  were  served,  before  they  proceeded 
to  view  some  of  those  apartments  of  the  Royal  residence 
which  were  not  in  the  hands  of  workmen.  They  were 
shown  over  the  great  gallery  with  its  suits  of  armor  and 
ancient  implements  of  warfare,  the  Queen  Elizabeth 
Room,  the  Picture  Gallery,  with  its  priceless  Van 
Dykes,  the  Drawing  Room  and  the  Library.  At  the 
conclusion  of  a  most  interesting  and  highly  enjoyable 
visit,  the  party  were  driven  back  to  the  station  accom- 
panied by  Lord  Edward  Pelham  Clinton  and  Lord 
Farquhab,  where  they  took  the  six  o'clock  train  for 
London. 


18 


CONFERENCE  BETWEEN  THE  DELEGATES  AND  THE  RECEP- 
TION COMMITTEE. 

Ou  the  evening  of  Monday,  June  3rd,  between  the 
hours  of  ten  and  twelve,  an  informal  conference  took 
place  between  the  Delegates  of  the  New- York  Chamber 
and  the  Reception  Committee  of  the  London  Chamber,  at 
Claeidge's  Hotel.  An  opportunity  was  thus  afforded 
for  the  members  of  the  two  bodies  to  become  personally 
acquainted,  and  to  exchange  views  in  regard  to  matters 
of  common  interest. 

RECEPTION  BY  THE  AMERICAN  AMBASSADOR. 

On  Tuesday,  June  4th,  the  Hon.  Joseph  H.  Choate, 
the  American  Ambassador,  gave  an  official  reception 
to  the  Delegates,  at  his  residence,  1  Carlton  House  Ter- 
race, S.  W.,  between  ten  and  twelve,  P.  M.  The  King 
was  represented  by  the  Earl  of  Suffield,  K.  C.  B., 
G".  C.  V.  O.,  and  in  addition  to  the  representatives  of 
the  New- York  Chamber  and  the  members  of  the 
Reception  Committee  of  the  London  Chamber,  the 
following  brilliant  assemblage  of  notabilities  were 
present  to  do  honor  to  the  occasion  : 

The  Spanish  Ambassador. 

The  Turkish  Ambassador. 

The  Chinese  Minister. 

The  Bolivian  Minister. 

The  Siamese  Minister. 

The  Austro-Hungarian  Minister. 

The  Swiss  Minister. 

The  Colombian  Minister. 


19 

The  Archbishop  of  Westminster. 

The  Bishop  of  Rochester. 

The  Bishop  of  Winchester. 

The  Archdeacon  of  London. 

The  Duke  of  Portland. 

The  Duke  of  Abercorn. 

The  Marquis  of  Tweedale. 

The  Earl  of  Kintore. 

Earl  Egerton. 

Earl  Gtrey. 

The  Earl  of  Jersey. 

The  Earl  of  Rosse. 

The  Earl  of  Meath. 

Earl  Cawdor. 

Earl  Spencer. 

The  Earl  of  Suffield. 

Viscount  Llandaff. 

Viscount  Cross. 

Viscount  Cranborne. 

Lord  Lawrence. 

Lord  Coventry. 

Lord  Stamford. 

Lord  Morris  and  Killanin. 

Lord  Strathcona  and  Mount  Royal. 

Lord  Dundonald. 

Lord  Davey. 

Lord  Middleton. 

Lord  Disart. 

Lord  Stanhope. 

Lord  Mount  Stephen. 

Lord  Eustace  Cecil. 

Lord  Hawkesbury. 


20 

Lord  BURGHOLERE. 

Lord  Pembroke. 

Lord  Inverclyde. 

Lord  DuNCANNON. 

Lord  Ludlow. 

Lord  Elcho. 

Lord  Kelvin. 

Admiral  Sir  H.  STEVENSOisr,  R.  N. 

Rear  Admiral  Henry  Erben,  U.  S.  N. 

The  Lord  Chief  Justice. 

Mr.  Justice  Channell. 

Mr.  Justice  Collins. 

Mr.  Justice  GtRANtham. 

Mr.  Justice  Kennedy. 

Mr.  Justice  Darling. 

Colonel  Sir  Edward  Ward. 

Sir  Halliday  Macartney. 

Sir  Michael  Foster. 

Sir  Edward  Bradford. 

Sir  George  Murray. 

Sir  Francis  Jeune. 

Sir  Edward  Tousley. 

Sir  Edward  Gully. 

Sir  Sydney  Waterlow. 

Sir  William  R.  Austen. 

Sir  Franklin  Lushington. 

Sir  John  H.  Puleston. 

Sir  Lawrence  Alma-Tadema. 

Sir  George  Hayter  Chubb. 

General  Osborne. 

Colonel  H.  M.  Hoziee. 

Colonel  Dyson  Laurie. 


21 

Captain  A.  S.  Thompson.  • 

Commander  Clover.         "  '  ^ 

Hon.  Sir  James  Mathew. 

Hon.  CiiAELES  Lawrence. 

The  Hon.  Lyulph  Stanley. 

Sir  William  Martin  Conway. 

Sir  Edward  Sassoon. 

Sir  Weetman  D.  Pierson,  M.  P. 

Sir  H.  Seymour  King,  M.  P. 

Sir  Richard  Temple. 

Sir  William  Broadbent. 

Sir  Richard  Wyatt. 

Sir  Squire  Bancroft. 

Sir  Andrew  N.  Agnew,  M.  P. 

Sir  E.  Carson,  M.  P. 

Sir  Edward  Thornton. 

Sir  F.  Pollock. 

Sir  G.  William  des  Yoeux. 

Sir  Douglas  Straight. 

Sir  James  Stirling. 

Sir  George  Faudel  Phillips. 

Colonel  Sir  C.  E.  Howard  Vincent,  M.  P. 

Colonel  Sir  William  Colville. 

Major-General  Sir  John  Ardagh. 

General  Russell  A.  Alger. 

Sir  Martin  Gosselin. 

Sir  Spencer  Walpole. 

Sir  Edward  Fry. 

Sir  K.  DiGBY. 

Sir  George  S.  Robertson. 

Sir  George  Lewis. 

Sir  Harry  Poland. 


Sir  Hiram  Maxim. 

Sir  R.  Vaughan  Williams. 

Sir  James  Blyth. 

Sir  Heney  Fowleh. 

Sir  John  Bingham. 

Sir  Philip  Burne-Jones. 

Mr.  J.  K.  J.  HiCHENS. 

The  Deputy-Chairman  of  the  Stock  Exchange. 

The  Chairman  London  Joint  Stock  Bank. 

Mr.  Henry  White,  Secretary  American  Embassy. 

Mr.  Thomas  L.  Field. 

Mr.  J.  Morgan  Richards. 

Maitre  Labori. 

Mr.  Lionel  Cast. 

Mr.  A.  L.  Jones. 

Mr.  BURDETT-COUTTS,  M.  P. 

Dr.  Walter  Leaf. 

Mr.  S.  B.  Boulton. 

Mr.  George  H.  Dick. 

Mr.  John  Cutler. 

Mr.  William  Blake  Odgers.  ' 

Mr.  Val.  C.  Peincep. 

Mr.  E.  Q.  Weigall. 

Mr.  Cecil  B.  Harms  worth. 

Mr.  J.  Annan  Price. 

Mr.  Bram  Stoker. 

Mr.  Indeewent. 

Mr.  SwANZY. 

Mr.  Frederick  Verney. 

Mr.  Isaac  Seligman. 


_  THE  BANQUET. 

The  banquet  took  place  on  Wednesday  evening,  June 
5tli,  1901,  at  Grocers'  Hall,  Princes  Street,  E.  C,  by  the 
kind  permission  of  the  Worshipful  Company  of  Grocers, 
of  which  Mr.  Mukeay  Maeshall  is  the  Master.  Com- 
pared with  the  New- York  Chamber,  the  London  Cham- 
ber of  Commerce  is  of  comparatively  recent  date — a 
fact  largely  due  to  the  existence  of  the  ancient  trade 
and  merchant  guilds  to  whose  hands  the  interests  of 
industry  and  commerce  were,  for  many  centuries,  com- 
mitted in  the  City  of  London.  Of  these  great  Com- 
panies that  of  the  Grocers  is  the  most  ancient,  save 
one.  It  was  established  in  1345,  and  it  exercised  for 
many  generations  a  powerful  influence  over  the  traders 
whom  it  represented.  Practically,  from  the  time  of 
Edward  III.,  from  whose  hands  it  received  its  Charter 
a  century  before  America  was  discovered,  down  to  the 
earlier  Yictoeian  age,  the  interests  of  a  large  and 
important  part  of  the  commercial  community  of  the 
country  were  under  the  governing  care  of  this  Com- 
pany ;  but,  like  other  institutions,  the  rise  and  progress 
of  modern  methods  has  relegated  its  functions  to  other 
hands,  and  its  power  as  a  governing  body  has  almost 
quite  disappeared. 

The  Hall  of  the  Company,  however,  unlike  the 
Company  itself,  is  a  comparatively  modern  build- 
ing, and,  probably,  on  that  account  unites  with 
its  nobleness  of  dimensions  and  beauty  of  structure 
a  large  degree  of  comfort,  convenience  and  general 
airiness.     The  reception  was  held  in  the  main  draw- 


24 

ijig  room,  a  spacious,  frescoed  hall,  panelled  in  oak, 
and  upholstered  in  green  and  gold  satin.  Here, 
amidst  a  profusion  of  charming  floral  decorations,  the 
guests  were  received  by  the  President  of  the  London 
Chamber  of  Commerce,  Lord  Br  asset,  and  in  the  short 
interval  before  his  lordship's  arrival  by  Mr.  Albert  G. 
Sandeman,  Past-President.  Each  guest,  on  arriving  in 
the  vestibule,  was  presented  with  a  most  artistically 
designed  toast  list,  the  covers  printed  in  sepia  and 
gold,  the  front  bearing  the  arms  of  the  City  of  London 
and  an  American  emblem,  while  the  back  was  illus- 
trated with  portraits  of  King  Edward  VII  and 
President  MoKinley,  and  views  of  the  Houses  of  Par- 
liament, the  Capitol  at  Washington,  and  St.  Paul's 
Cathedral.  A  narrow  fold  of  the  cover  bore  a  Union 
Jack,  around  which  were  entwined  the  names  of 
Drake,  Frobisher,  Watts,  Stephenson,  Ark  weight, 
Wedgewood  and  Nasmyth  ;  and  the  Stars  and  Stripes 
encircled  with  the  names  of  Columbus,  Washington, 
Franklin,  Lincoln  and  Garfield. 

While  the  company  was  assembling  it  was  still 
doubtful  whether  the  guests  who  had  left  New- York 
the  previous  week  on  the  St.  Paul  would  arrive  in  time 
to  participate  in  the  banquet.  Before  the  dinner  hour 
was  reached,  the  arrival  of  Mr.  Clement  A.  Griscom 
put  an  end  to  any  misgivings  in  regard  to  the  possi- 
bility of  the  passengers  of  the  St.  Paul  being  on  time. 
It  was  nearly  half-past  four  when  the  American  liner 
arrived  at  Southampton,  and  the  London  and  South- 
western Railway  seized  the  occasion  to  demonstrate  the 
capacity  for  speed  of  its  locomotives  and  the  excellence 
of  its  permanent  way.     The  visitors  were  brought  from 


25 

Southampton  to  Waterloo  Station,  a  distance  of  eighty 
miles,  in  seventy-live  minutes,  and  were  landed  in 
London  about  ten  minutes  to  six,  thus  making  it 
possible  for  them  to  dress  and  drive  to  the  City  in  time 
to  enter  the  dining  hall  with  the  President. 

It  was  a  few  minutes  past  seven  when  the  ancient  bell 
of  the  old  Hall — now  swinging  in  the  vestibule  of  the 
new  building — announced  that  the  dinner  was  served, 
and  Lord  Brassey,  accompanied  by  the  Marquis  of 
Lansdowne  and  the  President  of  the  Chamber  of  Com- 
merce of  the  State  of  New- York,  led  the  way  into  the 
picturesque  dining  room.  Covers  were  laid  for  over 
three  hundred  guests,  but  it  was  found  necessary  to  set 
another  table  in  the  breakfast  room  for  those  who 
could  not  be  accommodated  in  the  main  hall  below. 

On  the  right  of  Lord  Brasseit,  who  occupied  the 
Chair,  were  seated  the  following  : 

The  Hon.  Joseph  H.  Choate,  Ambassador  Extra- 
ordinary and  Plenipotentiary  of  the  United  States. 

The  Right  Hon.  The  Earl  of  Meath. 

Mr.  Morris  K.  Jesup. 

The  Rt.  Hon.  Lord  Rothschild. 

The  Hon.  Cornelius  N.  Bliss. 

The  Rt.  Hon.  Lord  Alverstone,  G.  C.  M.  Gr.,  Lord 
Chief  Justice  of  England. 

Mr.  Andrew  Carnegie. 

The  Rt.  Hon.  Lord  Stale  ridge.  Chairman  of  the 
London  and  Northwestern  Railroad  Company. 

Mr.  John  T.  Terry. 


26 

Mr.  J.  H.  Tritton,  Vice-President  of  the  London 
Chamber. 

Mr.  A.  Bakton  Hepburn. 

Mr.  Thomas  F.  Blaokwell,  Chairman  of  the  Council 
of  the  London  Chamber. 

Mr.  Clement  A.  Griscom. 

The  Rt.  Hon.  James  Bryce,  M.  P. 

Mr.  Charles  Lanier. 

Mr.  Murray  Marshall,  Master  of  the  Worshipful 
Company  of  Grocers. 

Rear  Admiral  Henry  Erben,  U.  S.  N. 

Sir  Joseph  C.  Dimsdale,  M.  P.,  Alderman,  Ex- officio 
Member  of  the  Council  of  the  London  Chamber. 

Mr.  James  W.  Pinchot. 

Mr.  Frederick  Whinney,  Treasurer  of  the  London 
Chamber. 

Mr.  IsiDOR  Straus. 

Sir  William  Huggins,  K.  C.  B.,  F.  R.  S.,  President 
of  the  Royal  Society, 

Mr.  George  Gray  Ward. 

Mr.  A.  C.  Cole,  Director  of  the  Bank  of  England. 

Sir  W.  Roberts  Austen,  President  of  the  Iron  and  ^ 
Steel  Institute. 

Sir  Henry  Oakley,  Director  of  the  Great  Northern 
Railway  Company. 

Mr.  J.  K.  J.  Hichens,  Chairman  of  the  Stock  Ex- 
change. 

The  Hon.  R.  R.  Dobell,  Member  of  the  Canadian 
Government. 

Mr.  P.  A.  B.   WiDENER. 

Colonel  OsMUN  Latrobe. 


27 

On  the  left  of  the  Chairman  were  : 

The  Most  Honorable  the  Marquis  of  Lansdowne, 
K.G.,  G.C.M.e.,  G.C.S.I.,  G.C.I.E.,  Secretary  of  State 
for  Foreign  Affairs. 

The  Rt.  Hon.  Lord  Strathcona  and  Mount  Royal, 
G.  C.  M.  G.,  High  Commissioner  for  the  Dominion  of 
Canada. 

The  Hon.  Levi  P.  Morton. 

The  Rt.  Hon.  Lord  Avebury,  F.  R.  S.,  President  of 
the  Association  of  Chambers  of  Commerce  of  the  United 
Kingdom  and  Vice-President  of  the  London  Chamber. 

Mr.  J.  PiERPoNT  Morgan. 

The  Rt.  Hon.  Lord  Hillingdon,  President  of  the 
Institute  of  Bankers. 

Mr.  William  Butler  Duncan. 

The  Rt.  Hon.  Lord  Inverclyde,  Deputy  Chairman 
of  the  Cunard  Steamship  Company. 

Mr  A.  Foster  Higgins. 

The  Right  Hon.  Lord  Sandhurst,  G.C.S.L,  G.C.LE., 
Director  of  London  and  Westminster  Bank,  Limited. 

Mr.  Vernon  H.  Brown. 

Mr.  Albert  G.  Sandeman,  Past-President  of  the 
London  Chamber  and  Ex-Governor  of  the  Bank  of 
England. 

Mr.  James  Speyer. 

Sir  Albert  K.  Rollit,  D.  C.  L.,  M.  P.,  Vice-Presi- 
dent of  the  London  Chamber. 

Mr.  Charles  A.  Schieren. 

Mr.  J.  Innes  Rogers,  Deputy  Chairman  of  the 
Council  of  the  London  Chamber. 


28 

The  Rt.  Hon.  Jesse  Collings,  M.  P.,  Under  Secre- 
tary of  State  for  the  Home  Department  and  President 
of  the  Birmingham  Chamber. 

The  Kt.  Hon,  William  J.  Pierie. 

Dr.  Walter  Leaf,  Vice-President  of  the  London 
Chamber. 

Mr.  Levi  C.  Weir. 

Sir  Christopher  Furness,  Bart.,  M.  P.,  Member  of 
the  Reception  Committee. 

Mr.  James  McCreery. 

Sir  G.  William  des  Yoeux,  Gr.  C.  M.  Gt. 

Mr.  John  I  Waterbury. 

Sir  John  H.  Puleston. 

General  Russell  A.  Alger. 

Mr.  Alfred  L.  Jones,  President  of  the  Liverpool 
Chamber. 

Mr.  Francis  R.  Appleton. 

Mr.  George  Handasyde  Dick,  President  of  the 
Glasgow  Chamber. 

Mr.  Clarence  Cary. 

Mr.  George  Wilson. 

Mr.  R.  V.  SoMERS  Smith,  Clerk  of  the  Worshipful 
Company  of  Grocers. 

Mr.  William  Bayard  Cutting. 

Mr.  William  H.  Parsons. 

Mr.  George  S.  Bowdoin. 

Mr.  J.  PiERPONT  Morgan,  Jr. 

Mr.  Eugene  Delano. 

Mr.  Henry  White,  Secretary  of  the  American  Em- 
bassy. 


29 

As  a  testimony  to  the  importance  of  the  occasion,  the 
Worshipful  Company  of  Grocers  had  installed  in  an 
alcove  immediately  behind  the  Chairman,  their  magnifi- 
cent collection  of  gold  plate.  A  lavish  display  of  pink 
and  red  roses  formed  the  decoration  of  the  tables.  Dur- 
ing the  course  of  the  dinner  many  ladies  were  enter- 
tained in  the  rooms  on  the  upper  floor  with  light 
refreshments,  and  the  gallery  running  round  the  dining 
room  was  thrown  open  to  them  a  goodly  number  avail- 
ing themselves  of  the  opportunity  to  listen  to  the 
speeches. 

The  Menu  was  as  follows : 


80 


MENU. 


Punch. 
Sherry. 
Hock. 


Johannisberg,  1898. 


G.  H.  Mumm's  1892, 
Magnums. 

Moet's  Dry 

Imperial  Cuv6e  36, 

Vintage  1889. 


Port. 

Sandeman's  1875. 
Royal  Tawny. 

Claret. 

Leoville,  1874. 
Lafitte,  1858. 


Turtle.  Clear  Turtle. 

Consomm^  k  la  Windsor. 

Turbans  of  Lobster  a  la  Munich. 

Salmon  a  la  Marne. 

Whitebait. 

Mousse  de  Volaille  aux  Truffes. 
Cailles  en  Casserole. 

§ljenxjcrwjes. 

Baron  of  Beef. 

Quarters  of  Lamb. 

Asparagus. 

Ortolans. 

Ham  and  Salad. 

Macedoine  of  Fruits. 

Maids  of  Honor. 
Maraschino  Jellies. 

Bombes  du  Roi. 
Crotltes  h  la  Nabob. 


Dessert. 


Ices. 


Etc. 


31 

The  following  is  the  list  of  toasts  : 
TOASTS. 

To  Propose   -    The  Chairman,  The  Right  Hon.  Lord  Brassey, 

K.C.B. 
Pretident  of  the  London  Chamber  of  Commerce. 

JM»t  ver»9  of  the  British  National  Anthem. 

"  Thy  choicest  gifts  in  store. 
On  him  be  pleased  to  ponr. 
Long  may  he  reign  ; 
May  he  defend  oar  laws. 
And  ever  give  us  cause. 
To  sing  with  heart  and  voice 
*  God  save  the  King.'  " 

To  Propose    -    -    The  Most  Hon.  the  Marquis  op  Lansdownb, 

K.G.,  G.C.M.G..  G.C.S.I.,  G.C.I.E. 

Secretary  of  State  for  Foreign  Affairs. 

Firet  verse  of  the  Atneriean  National  Anthem. 

"  My  country  I 't  is  of  thee. 
Sweet  land  of  liberty. 
Of  thee  I  sing  ; 
Land  where  my  fathers  died  ! 
Land  of  the  pilgrim's  pride  I 
From  every  mountain  side 
Let  freedom  ring  1  " 

®uv  "^vituiXs  of  thz  ^UKttibzx  of  &ovtxnxzxM 
of  thz  MUtz  of  W^zw^'^oKh, 

To  Propose -       -       The  Chairman. 

To  Respond Morris  K.  Jesup,  Esq. 

Pretident  of  the  Chamber  of  Commerce  qf  the  State  qf  New-Tork, 

^oxaxazx&z  ati4l  ^atxttf  ajctwvjes. 

To  Propose The  Right  Hon.  Lord  Aveburt, 

President  qf  the  Association  of  Chambers  of  Commerce  of  tfie  United  Kingdom, 
and  Vice-President  of  the  London  Chamber  of  Commerce. 

A.  Foster  Higgins,  Esq. 

New-Tork  Chamber. 
To  Reepmdl  ....         A.  Barton  Hepburn,  Esq. 

New-Tork  Chamber. 
-   The  Right  Hon.  W.  J.  Pirrib, 
Belfast. 


32 

To  Propose      •       The  Right  Hon.  Lokd  Alveestone,  G.C.M.G. 

Lord  Chief  Justice  of  England. 

f  •  -  .  -  -  Andrew  Carnegie,  Esq. 
To  ReSDond  <  Vice-President  of  the  New-  York  Chamber. 

}  ....        CiiBMENT  A.  Griscom,  Esq. 

^  New- York  Chamber. 

@tt«  ^vitisU  CSwests  ixnd  tUc  iixstitttttxrtxs 

To  Propose Thomas  F.  Blackwell,  Esq. 

Chairman  of  the  Council  of  the  London  Chamber  of  Commerce. 
To  Respond      -       -       -       The  Right  Hon.  liORD  Hillingdon, 

President  of  the  Institute  of  Bankers. 

To  Propose      -      His  Excellency  the  Hon.  Joseph  H.  Choate, 
Ambassador  Extraordinary  and  Plenipotentiary  of  the  United  States. 

To  Respond Albert  G.  Sandeman,  Esq. 

Past  President  of  the  London  Chamber  of  Commerce,  1899-1901  ; 
Ec-Oovemor  of  the  Bank  qf  England. 

With  the  api)earance  of  coffee  and  cigars,  shortly- 
after  nine  o'clock,  the  Chairman  rose  to  propose  the 
first  toast  of  the  evening : 

"His  Majesty  the  King." 

Speech  of  the  Chairman,  the  Bt.  Hon.  Lord  Brassey. 

My  Lords  and  Gtentlemen:  I  have  the  honor  of 
submitting  the  first  toast  upon  our  list,  "His  Majesty 
the  King."  [Cheers.]  Our  nation  has  lately  mourned 
the  loss  of  a  Queen  who  had  reigned  over  us  for  many 
years,  a  Queen  deeply  revered  and  greatly  beloved. 
On  his  accession  we  hailed  the  King  with  one  heart  and 
one  loyal  voice.  We  had  known  him  for  many  years, 
taking  the  deepest  interest  in  all  classes,  and  unfailing 
in  his  tact  and  kindness.  [Cheers.]  Since  his  accession 
to  the  throne  the  King  has  abundantly  fulfilled  all  our 
expectations,  and  surely  never  more  than  in  the  gracious 


33 

reception  accorded  on  Saturday  last  to  our  guests  of  the 
New- York  Chamber  of  Commerce.  [Loud  cheers.]  Of 
tbe  inimitable  grace  and  kindness  of  her  Majesty  the 
Queen  I  have  not  words  to  speak.  [Cheers.]  Gentle- 
men, I  propose  to  you  "His  Majesty  the  King." 

The  toast  was  honored  by  the  singing  of  a  verse  of 
the  British  national  anthem. 

"  The  President  of  the  United  States." 

On  rising  to  propose  "The  President  of  the  United 
States,"  the  Most  Honorable  the  Marquis  of  Lans- 
DOWNE,  K.G.,  G.C.M.G.,  G.C.S.I.,  G.C.I.E.,  Secretary 
of  State  for  Foreign  Affairs,  said  : 

Speech  of  the  Most  Hon.  the  Marquis  of  Lansdowne,  Secretary 
of  State  for  Foreign  Affairs. 

Lord  Brassey,  Your  Excellency,  my  Lords  and 
Gentlemen  :  I  am  permitted  to  propose  to  you  the  next 
toast,  the  health  of  "The  President  of  the  United 
States."  [Loud  cheers.]  Gentlemen,  the  high  official 
who  has  just  asked  you  to  give  me  a  hearing  (an  allu- 
sion to  the  toastmaster)  reminded  you  that  I  was 
connected  with  the  Department  of  Foreign  Affairs. 
[Laughter  and  cheers.]  I  beg  leave  to  imagine  that 
this  honorable  duty  has  been  deputed  to  me  because  I 
am  the  holder  of  that  position,  and  because  it  may  be 
that  this  toast,  coming  from  my  lips,  may  seem  to 
you  to  denote  something  more  than  a  mere  private 
expression  of  admiration  and  good  will.  [Cheers.] 
And  yet,  gentlemen,  to  me,  and  I  think  I  may  say  to  all 
the  subjects  of  His  Majesty,  it  requires  an  effort  to 
think  of  our  relations  with  the  United  States  of  America 
as  foreign  relations.     [Cheers.]     We  tbink  of  the  many 


34 

ties  which  bind  two  great  nations  together,  and  those 
who,  like  myself,  are  servants  of  the  public,  feel  that 
they  hold  an  unwritten  commission  that  so  far  as  they 
are  concerned  no  pains  shall  be  spared  to  maintain  the 
most  friendly  and  intimate  relations  between  those  two 
great  communities.  [Cheers.]  And,  indeed,  we  feel 
that  if  it  should  happen  at  any  moment  that  some 
passing  breeze  ruffles  the  surface  of  the  waters  upon 
which  we  are  sailing  together,  we  have  only  to  go 
deeper  to  find  the  strong  and  immutable  tie  of  affection 
and  respect  which  has  ever  flowed  from  shore  to  shore 
of  the  two  great  nations.  [Cheers.]  Gentlemen,  this 
is  above  all  things  a  representative  gathering.  Hosts 
and  guests  are  alike  representatives  of  the  commerce  of 
our  two  countries  ;  and  I  hope  you  will  not  take  it 
amiss  if  I  say  that  I  think  the  representative  of  the 
Foreign  Ofiice  is  not  altogether  out  of  place  at  such  a 
gathering  as  this  ;  [cheers  ;]  for  I  do  not  think  it  is  an 
exaggeration  to  saj''  that  with  every  year  that  passes  the 
connection  between  the  Foreign  Offices  of  the  world 
and  the  Chambers  of  Commerce  of  the  world  tends  to 
become  closer  and  closer.  [Hear,  hear.]  The  time 
has  been  left  far  behind  when  international  policy 
depended  upon  the  ambitions  of  rulers,  or  the  an- 
tipathies of  the  people  whom  they  govern.  In  these 
days  our  external  policy  is  governed,  is  influenced, 
by  ambitions  perhaps  not  less  far  reaching,  per- 
haps not  less  exacting — the  ambitions  of  the  great 
industrial  organizations  which  desire  that  their  Gov- 
ernments should  obtain  for  them  and  retain  for 
them  the  playgrounds  and  the  open  spaces  in  which 
they  may  stretch  their  mighty  limbs  and  be  at  ease. 
[Cheers.]  And,  after  all,  that  is  not  amiss.  It  was  the 
statesman  whose  health  we  are  going  to  drink  who  once 
said  that  commerce  was  a  great  diplomatist,  and  that 
fair  trade  made  fast  friends.  Well,  we  are  tempted  to 
go  on  and  ask  ourselves  what  we  mean  by  fair  trade. 


35 

That  is  a  dangerous  subject  to  discuss  within  the  limits 
of  an  after  dinner  speech.  [Hear,  hear.]  I  will  not 
attempt  it,  but  I  may  say  this — and,  perhaps,  I  am 
inspired  by  the  roseate  surroundings  of  the  present 
occasions — that  we  may  detect  a  tendency  on  the  part 
of  each  of  the  great  camps  into  which  our  economists 
are  divided  to  take  a  more  reasonable  and  a  less  exact- 
ing view  of  that  which  they  would  themselves  desire. 
I  do  not  think  that  in  these  days  any  free-trader  makes 
a  fetish  of  his  free- trade  doctrines,  or  is  too  proud  on 
occasion  to  borrow  a  weapon  out  of  the  arsenal  of  his 
adversary  ;  nor,  on  the  other  hand,  do  I  think  that  any 
protectionist,  however  extreme,  would  be  found  to 
maintain  that  any  country  can  live  by  self  alone,  or 
that,  if  we  are  to  have  commercial  war,  that  war  should 
not  be  waged  according  to  the  most  considerate  and 
decent  usages  of  international  warfare.  I  hope  these 
are  signs  of  an  improvement  in  feeling  on  these  great 
questions.  [Hear,  hear.]  Now,  with  respect  to  the 
President  of  the  United  States — when  we  drink  his 
health  we  think  of  the  great  office  which  the  man  fills, 
and  of  the  distiction  of  the  statesman  who  fills  it. 
[Cheers.]  To  us  in  this  country,  with  our  love  of  free 
institutions,  no  position  can  seem  more  full  of  dignity 
than  that  of  the  statesman  who  has  been  twiced  placed 
by  the  suffrages  of  his  fellow-countrymen  at  the  head 
of  a  community  of  60,000,000  or  70,000,000  human 
beings.  [Cheers.]  At  this  moment  every  one  of  us 
entertains  for  the  President  of  the  United  States  not 
only  feelings  of  admiration,  but  feelings  of  deep  sym- 
pathy, [Hear,  hear.]  We  know  that  he  has  lately  had 
to  bear,  in  addition  to  public  cares,  the  heavy  burden  of 
private  anxiety ;  and  it  is,  I  am  sure,  the  prayer  of 
every  man  in  this  room  that  that  load  of  anxiety  may 
be  lightened,  and  that  the  gracious  lady  who  shares  his 
high  honor  may  be  restored  to  him  in  the  fullest 
measure  of   health.     [Cheers.]    Of  this,   I  think,    we 


36 

may  be  sure — that  the  President  of  the  United  States 
will,  in  the  years  that  lie  before  us,  be,  not  only  in  his 
own  country  but  in  the  whole  world,  a  potent  influence 
for  the  good  of  the  human  race.  [Cheers.]  I  dare  say 
some  of  you  may  have  read,  as  I  have  within  the  last 
few  days,  the  message  which  he  sent  on  the  occasion  of 
the  opening  of  the  great  exhibition  at  Buffalo.  I  take 
from  it  a  single  sentence.  The  President  of  the  United 
States  expressed  the  hope  that  "  our  vast  and  increasing 
prosperity  may  be  fruitful  of  nothing  but  good  to  our 
elders  in  the  brotherhood  of  nations."  [Cheers.]  That 
is  a  noble  aspiration,  and  I  am  sure  we  all  wish  Presi- 
dent McKiNLEY  health  and  strength  to  give  effect  to 
that  aspiration,  and  to  continue  to  contribute  in  the 
future,  as  he  has  in  the  past,  to  the  welfare  and  the  credit 
of  his  own  country  and  of  all  other  civilized  countries 
in  the  world.  [Cheers.]  Gentlemen,  I  give  you  the 
health  of  "The  President  of  the  United  States." 

The  toast  was  received  with  acclamation,  and  the 
playing  of  the  American  National  Anthem. 

"  Our  Friends  of  the  Chamber  of  Commerce  of  the 
State  of  New-York." 

Speech  of  the  Chairman,  the  Rt.  Hon.  Lord  Brassej. 

My  Lords  and  Gentlemen:  I  have  now  to  pro- 
pose a  bumper  toast  to  the  New-York  Chamber 
of  Commerce.  [Loud  cheers.]  We  give  a  warm  wel- 
come to  our  guests  for  many  reasons.  We  welcome 
them  as  representatives  of  the  skill  and  the  enterprise 
which  have  turned  the  vast  resources  of  the  American 
continent  to  the  service  of  man.  We  of  this  old  coun- 
try are  largely  sharers  in  the  benefits  of  that  skill  and 
that  enterprise.  [Cheers.]  Our  teeming  millions  could 
not  live   without  the  food   which  America  produces^ 


37 

We  draw  from  the  same  source  the  raw  materials  for 
our  industries.  If  time  permitted  I  might  dwell  on  the 
debt  we  owe  to  the  inventive  skill  of  America,  whether 
in  its  application  to  agriculture,  to  manufactures,  to 
engineering,  or  to  transportation  by  land  and  water.  I 
might  enlarge  on  the  intelligent  appreciation  by  Ameri- 
can workers  of  all  the  aids  to  labor  which  ingenuity  can 
supply.  I  might  regret  that  our  own  people  are  not 
always  able  to  take  the  same  broad  views  of  what  is 
most  conducive  to  their  own  interest.  America  teaches 
us  lessons,  not  only  in  the  creation,  but  in  the  liberal 
distribution  of  wealth,  whether  for  the  relief  of  suffer- 
ing, the  advancement  of  learning,  or  the  endowment  of 
research  ;  and  her  munificence  is  not  limited  to  her  own 
side  of  the  Atlantic.  You  all  know  the  generous  bene- 
factor to  whom  I  refer.     [Cheers.] 

Gentlemen,  the  New- York  Chamber  is  something 
more  than  an  organization  of  men  engaged  in  commerce. 
Its  members  stand  at  all  times  ready  to  apply  their 
knowledge  of  affairs  and  their  skill  as  administrators 
to  wider  matters  than  the  mere  pursuit  of  gain  ;  and 
when  they  speak  they  speak  with  weight  and  authority. 
[Cheers.]  Not  long  ago  a  suitable  occasion  offered. 
When  difficulties  had  arisen  in  relation  to  Venezuela, 
the  London  Chamber  of  Commerce  appealed  to  the 
New- York  Chamber  to  use  their  good  offices  in  the 
cause  of  a  peaceful  solution.  They  responded  to  the 
call.  [Cheers.]  We  desired  to  mark  our  deep  sense  of 
the  service  rendered.  It  has  brought  us  together  this 
evening.     [Loud  cheers.] 

My  Lords  and  gentlemen,  for  the  statesman,  for  the 
man  of  business,  for  the  man  of  letters,  for  all  in  what- 
ever state  they  may  be  placed,  for  citizens  of  all  classes, 
surely  there  is  no  nobler  cause  in  which  to  labor  than 
that  of  binding  America  and  Great  Britain  closer  in  the 
bonds  of  kindly  sentiment.  [Loud  cheers.]  Happily 
the  importance  of  that  great  cause  is  fully  recognized 


88 

by  those  in  the  highest  places.  Witness  the  letter 
written  by  President  McKinley  to  our  lamented  Queen 
on  the  occasion  of  her  Jubilee,  in  which  he  reverently 
addressed  her  as  "great  and  good  friend."  [Loud 
cheers.]  Witness  the  gracious  and  kind  reception  to 
our  American  guests  of  this  evening  on  Saturday  by 
the  King  and  Queen  at  Windsor.  [Cheers.]  The 
closer  union  of  Great  Britain  and  the  United  States  has 
been  an  object  of  equal  solicitude  to  the  leaders  on  both 
sides  of  politics,  in  your  country  as  in  ours.  [Cheers.] 
It  was  an  object  which  Mr.  Gladstone  had  much  at 
heart.  It  inspired  an  eloquent  speech,  delivered  by 
Lord  Salisbury,  and  I  would  like  to  quote  you  one  of 
the  suggestive  and  weighty  words  used  by  the  Prime 
Minister  in  bidding  farewell  to  Mr.  Bayard,  when  he 
truly  said,  "  In  the  age  in  which  we  live  there  is  a  silent 
process  going  on,  by  the  steady  operation  of  natural 
causes,  which  is  spreading  the  influence  of  the  English 
speaking  peoples  over  all  the  world.  It  is  the  most 
marvellous  phenomenon  of  our  time.  It  means  a  great 
machinery  for  the  creation  of  public  opinion  through- 
out the  world.  I  hail  in  this  expansion  of  the  race  the 
promise  of  a  happier  day  than  that  in  which  we  live." 
[Loud  cheers.]  Gentlemen,  surely  every  natural  im- 
pulse moves  us  to  stand  together  shoulder  to  shoulder ; 
sharing  in  those  historical  traditions  which  cluster 
round  our  venerable  cathedrals  and  our  ivy- man  tied 
towers — scenes  which,  as  I  well  know,  our  guests  so 
much  delight  to  visit — speaking  the  same  language, 
reading  the  same  books,  firmly  attached  to  the  same 
principles  of  ordered  liberty,  we  have  the  basis  of  an 
intimate  and  enduring  friendship  between  our  kindred 
peoples.  Blood  is  thicker  than  water.  [Cheers.]  To 
no  other  nation  are  we  drawn  as  we  are  to  our  kinsmen 
across  the  Atlantic  by  that  closest  of  all  ties.  [Cheers.] 
Wisely  directed,  the  friendship  of  our  two  peoples  not 
as  yet,  nay,  perhaps  never  destined  to  be,  cemented  by 


39 

a  formal  alliance,  should,  as  Lord  Lansdowne  has 
said,  be  a  potent  influence.  [Cheers.]  Working  to- 
gether for  the  common  good  of  all  mankind,  we  may 
keep  the  door  open  for  trade,  we  may  spread  civiliza- 
tion, protect  the  oppressed,  and  establish  peace  among 
the  nations.  [Cheers,]  Let  none  who  have  an  oppor- 
tunity of  promoting  a  union  so  beneficent  neglect  it. 
The  banker  and  the  merchant  must  do  their  part. 

' '  Again,  the  hand  of  commerce  was  designed 

"  To  associate  all  the  branches  of  mankind  ; 

"  And  if  a  boundless  plenty  be  the  robe, 

"  Trade  is  the  golden  girdle  to  the  globe — 

"  Each  climate  needs  what  other  climes  produce, 

"  And  oSers  something  to  the  general  use."     [Cheers.] 

My  lords  and  gentlemen,  out  of  our  mutual  depend- 
ence in  matters  of  trade  a  union  for  still  nobler  pur- 
poses is  certain  to  grow.  I  hail  our  meeting  this  even- 
ing as  one  of  many  incidents  of  the  happiest  augury  for 
the  future,  and  it  is  with  the  greatest  privilege  that  I 
propose  for  your  acceptance  the  New- York  Chamber  of 
Commerce,  associating  with  the  toast  the  name  of  Mr. 
Morris  K.  Jesup.     [Cheers.] 

The  toast  was  received  with  acclamation. 

Mr.  Morris  K.  Jesup,  President  of  the  Chamber  of 
Commerce  of  the  State  of  New- York,  who  was  received 
with  great  cheering,  in  responding,  said  : 

Speech  of  Mr.  Morris  E.  Jesnp,  President  of  the  Chamber  of  Com- 
merce of  the  State  of  New- York. 

Mr.  Chairman,  my  Lords  and  Gentlemen  :  It  is 
said  that  kind  words  are  the  music  of  the  world.  For 
the  gracious  and  kindly  words  with  which  you  have 
made  us  welcome,  and  for  the  generous  warmth  of  our 


40 

reception  manifested  in  every  eye  and  felt  in  the  clasp 
of  every  hand,  it  is  my  privilege  as  much  as  pleasure, 
representing  as  I  do  my  Associates  here,  to  tender  to 
you   on  behalf  of   the   New- York  Chamber  of   Com- 
merce our  profound  thanks.    It  was  a  happy  inspiration 
that  dictated  your  courteous  invitation  to  this  Banquet, 
and  if  our  coming  together  at  this  time  serves  to  bind 
in  closer  ties  the  relations  between  the   two  nations, 
our  highest  hopes  and  expectations  will  be  fulfilled, 
[cheers,]  and  we  shall  count  it  a  high  honor  to  have 
been  here.     Perhaps  it  will  be  interesting  to  you  and  to 
this  august  assembly  to  know  a  little  about  the  history 
of  the  New- York  Chamber.     The  first  organization  of 
our  Chamber  was  in  the  year  1768,  and  is  older  by 
many  years  than  the  Republic  and  the  Constitution  of 
the  United  States.     The  object  of  that  companionship 
was  to  extend  the  blessings  of  commerce  not  only  on 
our  side  of  the  water,  but  to  cultivate  the  same  rela- 
tions with  you  and  other  portions  of  the  world.     In  the 
year  1770  we  induced  Gteorge  III.,  King  of  England, 
Prance   and    Ireland,    the  Defender  of  the  Faith,   to 
grant  to  us  a  Royal  Charter.     This  Charter  not  only 
antedates  the   birth  of  our  Republic  as  well  as  our 
Constitution,  but  it  antedates  the  Revolution.     Under 
that  Charter  it  was  distinctly   stated   that   it  was   to 
perpetuate  the  blessings  of  commerce  which  had  been 
extended  throughout  the  world  at  that  time,  and  inci- 
dentally the  King  hoped  that  our  organization  would 
not  only  be>  blessing  to  ourselves,  but  that  it  would  be 
a  blessing  to  Great  Britain.     In  this  Charter  mention  is 
also  made  of  the  amount  of  real  estate  the  Chamber 
was  to  hold,  providing  that  it  should  not  exceed  at  any 
time  the  clear  yearly  value  of  £3,000.     We  were  at  that 
time  a  Colony  of  the  British  Empire.     The  population 
of  the  City  of  New- York  did  not  exceed  30,000,  and 
the  population  of  the  entire  country  was  about  three 
millions.     The  value  of  the  commercial  relations  then 


41 

existing  between  our  country  and  yours  amounted  to 
the  small  sura  of  fourteen  million  dollars.  But  imbib- 
ing from  you  the  habit  of  industry  and  fair  dealing, 
[hear,  hear,]  we  have  gone  on  during  these  130  years 
until  now,  in  the  dawn  of  the  Twentieth  Century,  we 
come  before  you,  and  with  no  little  pride  and  satisfac- 
tion make  the  statement  that  the  value  of  the  commer- 
cial relations  between  your  country  and  ours  during  last 
year  amounted  to  nearly  one  thousand  million  dollars. 
[Cheers,]  We  are  not  unmindful,  Mr.  Chairman,  that 
you  are  the  sharers  with  us  in  these  great  relations. 
You  early  instilled  into  our  minds  the  principles  of 
religion,  justice  and  law,  which  have  grown  with  our 
growth  and  have  become  a  part  of  our  inheritance,  and 
with  which  we  have  worked  during  these  past  years, 
[cheers,]  and  now  we  come  and  offer  to  you  our 
profound  acknowledgments.  Not  only  have  you  given 
us  these  principles  which  we  have  enjoyed,  but,  in  our 
commercial  life,  when  we  have  been  in  need,  by  your 
capital  our  great  resources  have  been  enlarged,  our  rail- 
roads have  been  built,  and  mines  have  been  opened  and 
developed,  and  our  commerce  extended.  And  it  is  not 
only  these  things,  Mr.  Chairman,  that  we  have  received, 
but  how  many  have  been  the  kindly  acts  of  friendship 
and  loyalty  which  we  have  found  at  your  hands? 
[Hear,  hear.]  I  remember,  and  I  say  it  with  infinite 
gratitude,  that  in  the  year  1837,  when  our  country  was 
passing  through  a  disastrous  financial  distress,  when 
our  banks  had  suspended  specie  payments,  and  when 
our  people  were  discouraged,  that  one  of  our  loyal 
and  most  faithful  citizens,  Mr.  James  Gore  King, 
afterwards  the  President  of  our  Chamber,  visited 
London,  and,  by  his  high  character,  so  impressed  your 
financial  men  that  the  Bank  of  England  advanced 
one  million  pounds  sterling  in  sovereigns  and  sent  the 
same  by  packet  to  New-York  under  the  control  of  Mr. 
King,  to  enable  the  banks  in  New- York  to  resume 


42 

specie  payments,  and  thus  restore  confidence  to  our 
community.  [Cheers.]  That  bank  did  a  most  kindly 
and  magnanimous  thing.  No  stipulation  was  made  as 
to  the  return  of  that  money ;  neither  did  they  expect 
or  ask  for  any  reward.  [Hear,  hear.]  It  was  a  kindly 
act,  and  one  that  will  never  be  forgotten.  [Cheers.] 
But  above  all  this,  when  our  country  was  in  the  strife 
of  civil  war,  and  we  were  under  the  apprehension  of  a 
divided  country  and  menaced  with  war  from  England, 
your  illustrious,  noble,  beloved,  good  Queen — God  bless 
her  memory — [cheers] — left  the  sick  bed  of  her  husband 
in  order  that  by  her  counsel  and  advice  the  hand  that 
was  lifted  against  us  might  be  stayed.  [Cheers.]  Mr. 
Chairman,  we  never  can  forget  these  things.  [Cheers.] 
We  are  no  rivals — no  jealous  rivals — we  never  can  be. 
[Cheers.]  We  are  of  the  same  race,  [cheers,]  the  same 
blood,  [cheers,]  we  speak  the  same  language,  we  worship 
the  same  God,  we  read  the  same  Bible.  [Cheers.] 
No,  sir,  we  never  can  be  rivals.  Our  only  rivalry  exists 
in  seeing  how  we  can  emulate  each  other  in  doing  those 
things  which  tend  for  civic  righteousness  and  truth. 
Banding  ourselves  together  hand  in  hand,  shoulder 
to  shoulder,  heart  beating  with  heart,  let  us  emulate 
one  another,  endeavoring  to  extend  to  the  ends  of  the 
earth  the  blessings  of  our  civil  and  religious  liberty, 
to  tell  the  world  of  the  holy  brotherhood  of  man. 
[Cheers.]  And  now,  Mr.  Chairman,  before  T  sit  down, 
I  want  to  thank  you  again  for  this  unbounded  hos- 
pitality, for  the  opportunity  of  seeing  so  many  of  your 
distinguished  representatives  and  citizens,  and  above  all 
I  must  utter  the  feelings  of  my  heart  for  that  oppor- 
tunity afforded  to  us  last  Saturday  of  taking  by  the 
hand  your  noble  King  and  Queen.  [Loud  cheers.] 
That  was  an  event  we  shall  never  forget,  and  its  memory 
will  never  be  effaced  as  long  as  we  live.  [Cheers.]  Mr. 
Chairman,  as  you  know,  we  are  building  for  ourselves  a 
home  in  the  City  of  New- York  ;  its  foundation  is  laid 


43 

in  granite,  which  means  solidity  ;  its  structure  is  of 
steel,  which  indicates  strength  ;  its  walls  are  of  white 
marble,  the  emblem  of  purity.  [Cheers.]  In  a  year 
from  now  we  are  expecting  to  consecrate  that  building 
to  the  noble  cause  of  commerce,  and  with  it,  sir,  we 
expect  to  consecrate  ourselves  to  the  cause  of  civic 
righteousness  and  truth.  [Cheers.]  In  the  language  of 
one  of  your  countrymen,  U.  S.,  which  stands  for  the 
United  States,  stands  also  for  "  CTs,"  for  we  are  one. 
[Loud  cheers.]  It  gives  me  pleasure  on  behalf  of  the 
New- York  Chamber  of  Commerce,  of  which  I  have  the 
honor  to  be  President,  to  extend  to  you,  Sir,  and  to 
your  associates,  a  most  cordial  invitation  to  be  with  us 
in  a  year  from  now,  and  witness  with  us  the  opening  of 
our  new  building.     [Loud  and  prolonged  cheers.] 

"Commerce  and  Manufactures." 

The  Right  Hon.  Lord  Aveburt,  President  of  the 
Association  of  Chambers  of  Commerce  of  the  United 
Kingdom,  and  Vice-President  of  the  London  Chamber 
of  Commerce,  who  was  received  with  cheers,  said  : 

Speech  of  the  Rt.  Hon.  Lord  Arebary. 

LoED  Bkassey,  Youk  Excellency,  my  Lords, 
Ladies  and  Gentlemkn  :  The  toast  which  I  have  now 
the  honor  of  proposing  to  you  is  one  which  will  appeal 
to  us  all.  We  are  a  commercial  nation,  and  when  I  say 
that  I  am  speaking  not  only  for  us  here  in  the  British 
Isles,  but  for  our  friends  whom  we  are  welcoming  from 
the  other  side  of  the  water.  And  yet  I  venture  to 
think  that  the  full  advantages  of  commerce  are  not  quite 
appreciated  amongst  many  of  our  fellow-countrymen. 
It  seems  to  be  often  supposed  that  if  one  person  makes 
a  profit  somebody  else  must  make  a  loss.     But,  on  the 


44 

contrary,  Commerce,  as  Mercy,  is  twice  blessed,  for  it 
blesses  both  him  who  gives  and  him  who  takes. 
[Cheers.]  Again  we  often  hear  doleful  remarks  that  at 
present  our  imports  are  so  much  greater  than  our 
exports  that  we  are  being  ruined  by  the  cheap  goods 
which  are  sent  into  our  country.  My  lords  and  gentle- 
men, the  exports  are  the  payment  which  we  make  for 
our  imports,  and  the  cheaper  we  get  food  and  raw 
materials  the  more  money  we  have  to  fructify  in  our 
own  pockets.  [Cheers.]  In  two  well  known  lines  of 
Canning  he  made  the  complaint  that 

"  In  matters  of  commerce  the  fault  of  the  Dutch 
Is  giving  too  little  and  asking  too  much." 

But  now  we  are  hearing  exactly  the  opposite  com- 
plaint, that  foreign  nations  insist  on  selling  us  too 
much  and  taking  too  little  in  payment ;  [laughter  ;] 
that  they  charge  their  own  countrymen  high  prices  and 
dump  down — I  believe  that  is  the  expression — the  rest 
of  their  produce  cheaply  to  us.  [Laughter.]  I  do  not 
know  that  we  have  any  great  reason  to  complain  if  that  is 
the  case.  [Hear,  hear.]  And  I  do  not  know  whether  I 
have  not  understated  the  case  in  saying  that  commerce 
is  twice  blessed,  because  I  think  I  may  claim  a  three- 
fold blessing,  for  commerce  is,  after  all,  the  great 
peacemaker  of  the  world.  [Cheers.]  We  have  the 
highest  authority  for  saying  that  blessed  are  the  peace- 
makers. I  sometimes  think  that  commerce  has  done 
even  more  than  religion  in  that  respect.  Differences 
of  religion  sometimes  separate  nations,  but  commerce  is 
never  militant.  It  binds  us  all  together  in  links  of  gold 
like  marriage  rings.  [Cheers.]  And  then  again  I  have 
to  couple  with  this  toast  prosperity  to  manufactures. 
Well,  not  being  a  manufacturer  myself,  sometimes  when 
I  go  to  some  of  the  great  manufactories  of  this  country 
I  look  at  them  with  admiration  almost  approaching  to 


45 

awe.     The    alchemists  of    the    middle  ages    and    the 
magicians  of  prehistoric  times  seem  to  me  to  have  been 
nothing  to  the  manufacturers  of  to-day.     They  seem  to 
possess  both  the  philosopher's  stone  and  Aladdin's 
lamp  rolled  into  one,  and  while  the  alchemists  of  the 
middle  ages  only  dreamt  of  one  philosopher's  stone, 
manufacturers  of  to  day  appear  to  be  able  to  turn  every 
stone  into  gold.    [Cheers.]     But  tempting  as  this  theme 
would  be  to  enlarge  upon,  we  have  come  together  to- 
night not  to  listen  to  English  speakers,  but  to  those 
whom  we  have   the  honor  and  pleasure  of  welcoming 
from  the  other  side  of  the  water,  and,  tempting  as  it 
may  be,  I  am  sure  you  will  not  expect  or  wish  that  I 
should  enlarge  upon  so  interesting  a  theme.     With  the 
toast  I  have  the  privilege  of  coupling  the  name  of  Mr. 
Hepburn,  who  was  the  Comptroller  of  the  Currency  in  the 
United  States,  and  whom  we  welcome  now  as  a  brother 
banker,  and  Mr.  Higgins,  who  is  largely  interested  in 
American  railways,  to  whom  I  am  sure  the  insurance 
world  would  wish  to  give  a  very  hearty  welcome.     And 
last,  but  not  least,  if  they  will  allow  me  to  say  so,  T  may 
couple   that  admirable  representative  of  our  English 
manufactures,  Mr.  W.  J.  Pirrie.     We,  gentlemen,  are 
engaged  not  in  any  unfriendly  rivalry  or  competition 
with  our  friends  on  the  other  side  of  the  water,  but  we 
feel  that  the  manufacturers  are  guarantee  for  the  peace 
of  the  world,  and  give  us  reasonable  hope  for  progress 
and  prosperity  not  only  to  the  two  nations  in  which  we 
are  primarily  interested,  but  also  to  the  rest  of  the 
civilized  world.     [Cheers  and  hear,  hear.]     I  am  sure, 
therefore,  that  you  will  drink,  with  all  enthusiasm  pros- 
perity to  commerce  and  to  manufactures,  coupled  with 
the  names  of  those  gentlemen  to  whom  I  have  just 
alluded. 
The  toast  was  received  with  acclamation. 

Mr.  A.  Foster  Higgins,  of  the  New- York  Chamber 


46 

of  Commerce,  who  was  also  greeted  in  a  cordial  manner, 
in  responding  said  : 

Speech  of  Mr.  A.  Foster  Higgins,  of  the  New- York  Chamber  of 

Commerce. 

Mr.  Chairman,  my  Lords,  and  Gen^tlemen  of  the 
Chamber  of  Commerce  of  London  :  For  many  years  I 
have  heard  a  tradition  that  "  you  can  never  be  sure  that 
an  Englishman  has  extended  to  you  his  confidence 
until  he  has  invited  you  to  dinner,"  Well,  gentlemen,  we 
are  now  in  the  full  enjoyment  of  this  positive  proof  of 
your  implicit  trust  and  confidence  in  us.  Our  honored 
President  has  already,  in  his  official  capacity,  acknowl- 
edged in  fitting  terms  our  sincere  appreciation  of  this 
honor  thus  conferred  on  our  ancient  Chamber  by  the 
Chamber  of  Commerce  of  London,  in  which  we,  each 
of  us,  most  heartily  join.     [Cheers.] 

A  much  deeper  feeling  on  our  part  now  exists,  the 
growth  of  events  which  have  happened  since  the  incep- 
tion of  the  invitation  we  are  now  enjoying.     [Cheers.] 

At  a  memorable  meeting,  held  especially  at  the  rooms 
of  our  Chamber  in  New-York  in  commemoration  of  the 
recent  death  of  your  glorious  Queen,  in  most  impressive 
terms  one  of  our  most  honored  citizens  narrated  cer- 
tain incidents,  of  which  he  had  personal  knowledge, 
connected  with  the  late  Queen.  He  told  how  your 
Prime  Minister,  knowing  the  anxiety  with  which  Her 
Majesty,  in  1860,  awaited  the  intelligence  of  how  her 
son  and  heir  to  the  throne  had  been  received  in  our 
turbulent  and  excitable  country,  took  Mr.  Russell,  the 
one  reciting  the  incident,  personally  to  Her  Majesty, 
who  listened  with  intense  interest  to  every  sentence  and 
incident  of  the  reception  in  New- York.  And  when  she 
heard  how  unanimous,  spontaneous  and  sincere  had 
been  that  reception,  she  again  and  again  repeated  aloud 
to  herself,  "I  never  can  forget  it!  I  never  can  forget 
it  1"     Do  we  not  well  know  how  sacredly  she  kept  that 


47 

pledge,  and  in  our  subsequent  trying  hours,  and, 
in  fact,  during  her  whole  reign,  how  sincerely  her 
invaluable  friendship  was  always  exhibited  in  our 
favor,  whatever  influences  were  exerted  to  the  con- 
trary ?  That  this  kindly  feeling  was  reciprocated  by  all 
the  fair-minded  thinking  people  of  the  United  States  I 
most  heartily  assure  you,  and  occasional  bursts  of 
emotion  would,  in  confirmation  thereof,  betray  them- 
selves, as,  notably,  when  our  Admiral  in  the  Eastern 
waters  uttered  that  immortal  saying,  "Blood  is  thicker 
than  water,"  and  again,  when  the  victorious  fleet  under 
Admiral  Sampson  returned  to  New- York,  the  flrst 
vessel  it  met  as  it  passed  the  harbor  bar  was  the 
steamship  "Campania,"  floating  the  English  national 
flag.  As  it  was  dipped  in  salutation  to  the  victorious 
fleet,  the  band  of  the  Admiral  on  his  flag  ship  burst 
forth  with  the  music  of  "God  Save  the  Queen." 
[Cheers.] 

And,  Mr.  Chairman  and  gentlemen,  this  feeling  still 
exists,  and,  with  the  experience  of  this  delegation,  is 
certain  to  be  intensified  and  increased.  It  is  difficult  in 
words  to  express  to  you  how  surprised  and  gratified  we 
all  were  at  the  very  gracious  reception  accorded  to  us  on 
Saturday  last  by  your  King  Edward  and  his  lovely 
Queen  Alexandra  ;  its  freedom  from  all  restraints  of 
cold  etiquette,  its  unmistakable  cordiality  and  friend- 
ship were  taken  by  each  and  every  one  of  us  as  an 
evidence  of  their  Majesties'  feeling  to  our  country,  and 
as  such  will  we  ever  believe  and  report  it.     [Cheers.] 

But,  Mr.  Chairman,  I  am  wandering  from  the  domain 
called  for  by  the  toast  to  which  I  am  called  upon  to 
respond — "Commerce."     [Cheers.] 

In  its  larger  and  fuller  sense,  I  take  it,  the  subject 
embraces  not  only  the  bare  exchanges  of  the  products 
and  manufactures  of  our  respective  countries,  but  is 
intended  to  embrace  the  innumerable  results  flowino- 
from    the    primal    incidents   of    such    exchanges — the 


48 

multitude  of  other  necessarily  consequent  and  attend- 
ant details  producing  infinite  items  of  correspondence, 
banking,  freighting,  insurance,  etc.,  etc.,  all  leading  to 
a  more  intimate  knowledge  of  each  other  ;  a  study,  con- 
viction and  trust  in  respective  characters ;  the  holding 
and  keeping  up  of  high  standards  of  conducting  all 
these  affairs,  and  so  advancing  not  only  the  facilities  of 
interchange,  but  the  principles  governing  and  actuating 
the  entire  mass  of  merchants,  and  lifting  and  elevating 
each  individual  member  thereof.  It  is,  therefore,  I 
think,  my  privilege  to  omit  all  dry  statistics  or  com- 
parisons of  the  exports  and  imports  of  our  respective 
countries.  When  one  reads  such  a  noble  editorial  as 
was  contained  in  your  daily.  The  Telegraph,  of  Monday 
last,  the  conviction  is  quickly  gathered  that  the  situa- 
tion is  perfectly  understood,  and  is  being  examined  and 
studied  carefully,  and  will  be  profited  by.     [Cheers.] 

Mr.  Ciiairraan,  I  cannot  refrain  from  a  reference  to 
two  great  problems  our  country  and  nation  have  been 
and  are  now  engaged  in.     [Cheers.] 

The  first  is  that  produced  by  our  impulsive  invitation 
to  the  world  to  find  in  America  a  refuge  from  known  and 
even  imagined  evils  and  wrongs.  In  response,  we  have 
been  deluged  with  what  certainly  may  be  named,  without 
undue  severity,  as  the  turbulent  and  dissatisfied  of  almost 
every  nation  of  the  civilized  world.  To  take  this  and 
amalgamate  it  with  the  much  smaller  mass  descended 
from  our  forefathers,  to  reduce  it  to  a  due  observance  of 
law  and  order,  to  repress  its  unreasonable  demands,  and 
teach  it  the  difference  between  liberty  and  license  ;  to 
bring  about  a  regard  for  the  rights  of  others,  and  to 
impress  upon  its  members  a  sense  of  public  duty, — to 
do  this  has  been  a  work  that  has  heretofore  destroyed 
republics  and  appalled  statesmanship.  Still,  gentle- 
men, we  have  in  the  main  succeeded.  Education,  the 
dissemination  of  information  by  means  of  our  won- 
derful public  press,  the  contact  of  mind  with   mind, 


49 

accompanying  the  restless  and  unprecedented  travelling 
of    our    people,    and    particularly    the    unmistakable 
nature  and   effect  of  the   multitude  of  institutions  of 
mercy  and    charity    everywhere    existing    and    being 
established  over  the  land,  are  all  working  their  leaven  ; 
and  we  have  many  convincing  proofs  that  we  are  not,  as 
a  nation,  living  in  vain.     But  in  making  this  reference 
my  object  is  to  beg  of  you,   your  rulers  and  nation, 
to  be  patient  with  us — not  to  mistake  the  local,  tempo- 
rary outbursts  of  temper,  animosity  and  spleen,  as  in 
any  degree  whatever  indicative  of  national  feeling — but 
as  due  to  the  fact  that  we  are  not  yet  homogeneous,  but 
are  still  largely  conglomerate.     The  other  problem  is 
whether  Democracy,  as  a  principle,  can  be  made  pro- 
ductive of  the  higher  and  highest  standards  of  life.     It 
will  be  remembered  that  Adam  Smith,  the  founder  of 
the  science  of  Political  Economy,  with.   Stuart  Mill 
and  all  their  successors  of  elementary  writers  on  this 
subject,  lay  it  down  as  a  principle — that  the  "selfishness 
of  mankind  "  is  the  governing  principle  controlling  them. 
And  from  this  they  make  deductions  as  to  what  will  be 
the  necessary  result  of  any  known  cause  in  the  events 
of  communities  and  nations.     Now,  sir,  suppose  one 
hundred  years  ago,  and  at  the  beginning  of  our  national 
existence,  consultation  with  one  of  these  philosophers 
had  taken  place,  and  the  infant  state  of  slavery  had 
been  under  discussion  and  its  future  contemplated.     It 
is  admitted  to  be  of  immense  pecuniary  value,  if  not  a 
necessity,  to  the  settlers.     It  is  seen  that  naturally  it 
will  increase,  and  that  in  sixty  years  it  will  be  a  gigantic 
institution,  outweighing  every  other  material  interest 
of  the  country,  claiming  and  receiving  a  representation 
in  the  House  of  Congress  overshadowing  all  other  poli- 
tical items,  producing  a  growing  feeling  of  intention  to 
preserve,    protect  and    extend  it.     And  with    mathe- 
matical accuracy   it   is  shown   that    to  get  rid  of  it 
would  cost  at  least  3,000  millions  of  dollars,  200,000 


50 

lives  of  our  non-slave-holding  citizens,  be  attended  with, 
a  civil  war,  and  the  very  foundations  of  the  nation  be 
shaken  to  their  utmost  depths.  Can  it  be  doubted — 
in  reply  to  the  question — can  this  ever  be  ?  No  1 
would  have  been  the  answer.  Once  permitted  to  reach 
that  growth,  it  will  be  so  rooted  and  grounded  in  self- 
interest  that  the  institution  will  forever  remain.  Well, 
gentlemen,  we  who  are  here  present  have  seen  this  very 
result  attained  and  the  great  cancer  spot  on  our  nation 
extirpated.  What  power  did  it?  One  heretofore 
ignored  by  philosophers.  Altruism  !  Again  did  we 
pursue  our  headlong  career.  Again  did  the  mad  race 
for  money  prevail.  The  absolutely  untrammeled  field 
for  individual  exertion  presented  by  Democracy  led  to 
its  normal  effects.  Public  duties  were  treated  with 
indifference,  the  almighty  dollar  seemed  our  god,  im- 
proper and  incompetent  men  governed  us — and  we 
seemed  lost  in  materiality.  Suddenly  there  arises  a  cry 
for  help  from  suffering  humanity  in  our  immediate 
neighborhood — for  a  moment  there  seemed  a  hesitancy 
— the  world  at  large  had  seen  similar  and  worse  things- 
without  interfering — it  would  be  at  great  cost,  risk  of 
being  misunderstood,  they  were  no  immediate  concern 
of  ours — why  not  let  it  alone  ?  The  reply  soon  broke 
forth  in  a  torrent.  Hundreds  of  thousands  who  had 
been  regarded  as  pursuing  each  his  own  advantage, 
sprang  forward  as  volunteers.  The  evil  was  soon  put 
down,  and  its  cause  repressed.  You  may  believe  me, 
gentlemen,  when  I  assert  that  never  was  a  war  under- 
taken which  was  so  entirely  in  behalf  of  humanity  as 
our  late  war  with  Spain,  and  I  am  very  sure  the  world 
will  see  in  all  our  acts  the  sequences  only  forced  on  us 
by  consistency  in  the  accomplishment  of  that  end. 
May  I  be  permitted  just  here  to  utter  a  few  words  in 
connection  with  your  war  in  South  Africa.  Alas  !  how 
many  of  your  valuable  countrymen  have  laid  down 
their  lives  at  the  call  of  duty  !  It  was  not  necessary  ta 
make  them  understand  any  of    the  vexed  questions 


61 

involved  in  the  war.  It  was  enough  that  their  country 
called — and  they  replied  by  going.  Every  such  act  has 
an  endless  sequence  and  result  which  never  die.  No^ 
sorrowing  hearts,  say  not  it  has  been  all  in  vain. 

"  'Twas  not  in  vain  ! 
"  The  darkness,  anguish  and  the  strife. 
"  Love  thrown  upon  the  waters  comes  again 
"  With  quenchless  yearnings  for  a  nobler  life." 

[Cheers.] 

Thus  I  have  tried  to  show  you  that  under  our  demo- 
cratic form  of  government  it  has  not  been  impossible  to 
cultivate  and  advance  the  grand  world-moving  power  of 
altruism.  It  is  our  delight  to  know  that  this  sublime, 
God-like  and  God-given  aspiration  equally  fills  your 
grand  old  nation.  We  look  to  you  to  go  with  us,  hand 
in  hand.  In  the  words  of  your  great  Charles  Kings- 
ley,  "  the  age  of  chivalry  is  never  past  so  long  as  there 
is  a  wrong  left  unredressed  on  earth."  We  believe  that 
by  various  means  all  wrongs  will  eventually  be  righted, 
and  principally  by  the  united  efforts  of  the  English- 
speaking  race.  Let  us  ever  be  united  in  this  effort,  and 
keep  ever  before  ourselves  and  our  descendants  the 
words  of  our  philosopher,  Emerson  : 

"  Though  love  repine  and  reason  chafe, 

' '  There  came  a  voice  without  reply  ; 
"  'Tis  man's  perdition  to  be  safe 

"  When  for  the  truth  he  ought  to  die." 

[Loud  cheers.] 

Speech  of  Mr.  A.  Barton  Hepburn,  of  the  New- York  Chamber  of 

Commerce. 

Mr.  A.  Barton"  Hepburn,  of  the  New- York  Cham- 
ber of  Commerce,  rose  amid  cheers  to  further  respond. 
He  said : 

My  Lord  President,  my  Lords,  Ladies  and  Gen- 
tlemen: The  history  of  the  world's  progress  records 


62 

the  survival  of  the  fittest,  and  to  a  very  considerable 
extent  the  survival  of  the  "lightest."  Those  epochs  in 
history  that  seem  to  have  shed  the  greatest  blessings 
upon  mankind  are  cast  in  martial  splendor  and  distin- 
guished by  military  and  naval  heroes  as  well  as  great 
statesmen.  Certain  it  is  that  no  nation  can  extend  or 
expand  its  commerce  upon  the  high  seas  except  it  has 
a  navy  with  power  commensurate  for  its  protection. 
[Hear,  hear.]  The  commercial  prosperity  of  a  nation 
is  largely  dependent  upon  its  land  and  sea  power.  That 
government  is  best  which,  being  strongest,  utilizes  its 
power  to  promote  those  cardinal  principles,  liberty  and 
justice,  upon  which  all  true  prosperity  is  based. 
[Cheers.]  Great  Britain,  in  extending  its  dominion,  is 
entitled  to  this  encomium.  Wherever  the  British  flag 
has  been  planted,  material,  moral  and  financial  ad- 
vancement has  inevitably  followed.  [Cheers]  A  high, 
sense  of  commercial  honor,  the  inviolability  of  contract 
and  the  open  door  are  among  the  blessings  that  follow 
British  rule.     [Cheers] 

The  Bank  of  England  has  become  a  world-wide  syn- 
onym of  financial  strength — the  pound  sterling  the 
standard  of  value,  and  English  the  language  of  com- 
merce. [Cheers.]  All  this  has  been  accomplished  by 
the  marvellous  energy  of  your  marvellous  Empire.  In 
the  development  of  our  commerce  and  the  promotion  of 
our  manufactures,  we  propose  to  help  maintain  these 
conditions.  [Hear,  hear.]  We  are  proud  of  our  de- 
scent, proud  of  our  common  heritage,  and  proud  of  our 
common  ambition  to  make  the  world  better  as  we  con- 
tend for  the  good  things  that  the  world  has  to  offer. 
[Cheers.] 

Our  currency,  relieved  as  it  is  from  all  danger  from 
the  silver  heresy,  is  not  unlike  yours.  Silver  serves  as 
a  medium  of  exchange  for  the  ordinary  transactions  of 
the  people,  while  the  larger  are  represented  by  gold,  and 
all  rest  securely  upon  a  gold  basis.     The  sound  money 


68 

issue  gave  to  President  McKinley  his  first  election.  In 
March,  1900,  his  Administration  placed  upon  the  statute 
books  a  law  providing  for  refunding  the  presently  ma- 
turing indebtedness  into  bonds  distinctly  and  in  terms 
made  payable  in  gold  ;  and  better  still,  the  letter  of  the 
law  says  that  the  present  gold  dollar  "  shall  be  a  stand- 
ard unit  of  value,  and  all  forms  of  money  issued  or 
coined  by  the  United  States  shall  be  maintained  at  a 
parity  of  value  with  this  standard,  and  it  shall  be  the 
duty  of  the  Secretary  of  the  Treasury  to  maintain  such 
parity."  And  the  Secretary  was  given  power  to  carry 
out  the  provisions  of  this  law.  With  this  law  upon  the 
statute  books,  with  the  issue  thus  sharply  defined,  the 
question  was  debated  in  the  great  forum  of  the  people 
during  the  last  Presidential  campaign  and  the  pro- 
nouncement in  favor  of  the  gold  standard  was  over- 
whelming. You  may  safely  repose  confidence  in  the 
American  people.  [Cheers.]  Whenever  a  question  is 
presented  involving  either  national  honor  or  commercial 
honor  they  will  be  found  true  as  steel  and  good  as  gold. 
[Loud  cheers.]  We  believe  the  dollar  to  be  the  peer  of 
the  pound,  full  panoplied  and  equipped  to  wage  suc- 
cessfully the  battle  of  commerce. 

In  another  respect  we  seem  to  be  emulating  your  ex- 
ample. I  think  that  I  may  safely  say  that  England 
maintained  a  protective  tariff  until  the  prosperity  of 
her  industries  outgrew  its  necessity.  The  United  States 
seems  entering  upon  a  similar  stage.  Over  two  years 
ago  President  McKinley,  in  the  course  of  a  speech  in 
the  City  of  Boston,  said  :  "We  are  not  talking  about 
tariff  now."  In  his  many  speeches  delivered  during 
his  recent  trip  across  the  continent  he  made  no  allusion 
to  the  tariff  whatever,  but  placed  great  emphasis  upon 
the  necessity  of  cultivating  outside  markets  in  order  to 
foster  our  various  industries.  Representative  Babcock, 
Chairman  of  the  Republican  National  Campaign  Com- 
mittee, has  stated  that  the  tariff  will  be  taken  off  from 


64 

all  so-called  "trust  commodities."  It  is  not  difficult 
to  understand  this  |changed  and  changing  condition  of 
sentiment  across  the  Atlantic.  The  consolidation  of 
kindred  industries  and  the  concentration  of  vast 
amounts  of  capital  under  a  single  control  have  materi- 
ally increased  the  efficiency  of  our  mills  both  as  to 
maximum  output  and  minimum  time  of  delivery.  Our 
ability  to  produce  has  so  far  outgrown  our  capacity  to 
consume  that  the  open  door  is  rapidly  becoming  the 
shibboleth  of  America. 

As  bankers  we  have  heretofore  stood  at  the  wharf 
ready  to  make  advances  upon  the  incoming  cargo  until 
the  same  should  find  sale  and  distribution.  Hereafter, 
recognizing  these  changed  conditions,  we  must  make 
advances  to  the  manufacturer  in  order  to  enable  him  to 
purchase  his  raw  material,  carry  his  loans  while  the 
same  is  worked  up  into  finished  product,  follow  the 
finished  product  with  bill  of  lading  to  the  foreign  mart 
of  consumption,  transfer  the  same  to  the  returning 
cargo  of  barter,  and  finally  receive  our  pay  when  this 
return  cargo  is  assimilated  in  our  home  markets.  In 
other  words,  we  must  do  what  you  bankers  have  been 
doing  for  generations,  and  all  this  must  we  do  in  order 
that  our  capital  may  be  employed  and  earn  its  incre- 
ment and  our  labor  be  employed  and  be  self-sustaining. 

We  feel  that  in  all  respects  our  international  relations 
are  becoming  closer  and  more  firmly  allied.  [Cheers.] 
The  not  distant  future  is  likely  to  see  the  route  of  com- 
merce, as  the  present  sees  the  route  of  travel,  cross  the 
Atlantic,  cross  the  American  continent,  and  cross  the 
Pacific  to  the  point  of  destination.  You  have  a  great 
dominion  on  the  North  American  continent,  in  area 
surpassing  the  United  States,  bound  in  the  future  to 
become  largely  populous,  with  corresponding  power  and 
resources.  As  the  desirable  land  open  to  settlement  in 
the  United  States  diminishes,  the  tide  of  home  seekers 
will  inevitably  cross  the  northern  border.     And  while 


56 

South,  Africa  may  have  a  prior  claim  upon  British  en- 
terprise and  British  capital  for  a  time,  I  firmly  believe 
that  Canada  is  bound  to  become  and  remain  the  strong- 
est state  in  your  colonial  empire.  [Cheers.]  With 
parallel  boundaries  and  parallel  interests,  with  kindred 
ties  and  kindred  institutions,  with  united  purpose  and 
united  power,  we  will,  as  we  contend  in  harmony  for 
primacy  in  trade,  strive  also  for  the  uplifting  of  human- 
ity and  the  proper  solution  of  those  great  economic  and 
social  problems  that  must  ever  confront  a  government 
of  a  great  people.     [Loud  cheers.] 

The  Right  Hon.  William  J.  Pirrie,  Belfast,  also 
responded  : 

Speech  of  the  Rt.  Hon.  William  J.  Pirrie. 

My  Lord  President,  my  Lords  and  Gentlemen  :  I 
feel  it  a  very  high  honor,  indeed,  not  only  to  be  one  of 
your  guests  this  evening,  but  also  to  have  been  asked  to 
reply  to  such  an  important  toast  as  that  of  "  Commerce 
and  Manufactures."  I  think  it  will  be  a  gratification  to 
Irishmen  to  feel  that  a  representative  of  one  of  the 
greatest  industries  of  their  country  has  been  invited  to 
take  such  a  prominent  part  at  this  important  Inter- 
national Banquet — no  doubt  because  the  industry  I 
refer  to  has  assisted  so  materially  to  bring  the  old  and 
new  world,  as  well  as  our  great  colonies,  into  close 
touch  with  each  other,     [Cheers.] 

Gentlemen,  a  great  deal  has  been  written  and  a  great 
many  fears  expressed  of  late  with  regard  to  the  effect 
on  this  country  of  the  growing  international  compe- 
tition, and  many  prophets  have  uttered  many  pro- 
phecies, mostly  doleful,  but  it  has,  I  think,  been  left  to 
our  countryman,  who  left  us  to  become  an  American 
citizen,  and  has  now  returned  to  his  first  love — Mr. 
Carnegie — to  express  what  I  think  is  the  feeling  of 


56 

most  of  us,  that  America  is  the  only  country  we  have 
to  fear,  and  that  although  we  may  not  be  able  to  main- 
tain our  monopoly,  our  supremacy  is  not  necessarily 
endangered  even  by  American  aggression  unless  we 
throw  it  away  by  our  own  foolishness.  [Hear,  hear.] 
So  far  from  thinking  the  advent  of  America  into  the 
very  forefront  of  commercial  nations  an  evil,  I  consider 
it  should  be  a  satisfaction  to  us  to  think  that  we  have 
as  rivals  men  of  the  same  parent  stock,  swayed  very 
largely  by  the  same  impulses,  and  animated  by  the 
same  high  ideals  of  commercial  integrity  and  honor. 
As  a  manufacturer,  or  at  least  one  engaged  all  my  life 
in  a  large  industrial  biisiness,  I  have  nothing  but  admi- 
ration for  the  way  in  which  our  American  friends  have 
made  necessity  the  mother  of  invention  in  manufac- 
tures, and  have,  out  of  their  inventive  genius  and  power 
of  resource,  evolved  machinery  that  has  revolutionized 
the  workshop.  [Hear,  hear.]  All  I  trust  is,  that  the 
lessons  taught  us  by  the  Americans  of  the  possibil- 
ities of  industrial  success,  notwithstanding  the  high 
rates  of  wages  they  have  to  pay,  will  not  be  lost  upon 
our  manufacturers.  I  personally  feel  strongly  that  in 
very  many  cases  our  great  works  in  the  old  country 
have  been,  shall  I  say,  worked  to  death.  There  has 
not  been  that  constant  replacing  of  old  machinery  with 
new,  which  is  absolutely  essential  to  progress ;  and  I 
fear  that  in  many  instances  the  directors  or  managers 
have  not  realized  the  utter  foolishness  of  neglecting  to 
feed  and  nourish  the  goose  that  lays  the  golden  egg— 
they  should  make  more  liberal  provisions  for  deprecia- 
tion and  for  the  upkeep,  extension  and  improvement  of 
their  works  in  the  shape  of  new  plant,  etc.,  than  has,  I 
think,  been  generally  the  case,  and  thus  prepare  for 
those  great  developments  that  are  the  natural  outcome 
of  international  commerce.  Fortunately,  however,  I 
think  we  all  realize  now  the  importance  of  modern 
plant  and  machinery,  and  the  necessity  for  keeping  in 


67 

touch  with  the  latest  improvements,  however  much 
capital  must  be  sunk  in  order  to  com])ete  with  other 
nations — and  to-day,  I  believe,  there  is  a  great  re- 
action from  the  easy-going  methods  and  complacency 
into  which  we  were  drifting,  which  will  be  of  the 
greatest  benefit  to  British  trade. 

It  is,  of  course,  impossible  to  ignore  altogether  the 
effect  produced  on  the  minds  of  many  of  my  fellow- 
countrymen  by  the  recent  great  developments  in 
America,  but  I  feel  that  what  has  happened  should 
only  stimulate  us  to  greater  efforts,  and  the  very  suc- 
cess of  America  is  an  argument  in  our  favor,  and  an 
encouragement  to  us — moreover,  there  is  room  and 
scope  for  both  England  and  America,  and  it  seems  to 
me  that  a  joint  partnership  of  John  Bull  and  Brother 
Jonathan  in  a  great  world  enterprise  is  an  ideal  worthy 
of  our  ambition.     [Cheers.] 

As  for  our  own  country,  I  think,  in  quietness  and 
confidence  will  be  our  strength,  and  while  some  are 
busily  announcing  the  downfall  of  England,  I  shall  be 
surprised  if  it  is  not  found  that  we  are  still  making 
headway.  Our  manufacturers  must  realize,  however, 
that  it  is  the  duty  of  nations  as  well  as  the  practice  of 
individuals  to  buy  in  the  best  and  cheapest  market, 
that  old  ways  and  methods  must  give  way  to  new,  and 
work  be  carried  on  under  the  new  conditions  if  it  is  to 
be  a  success,  though  there  are  of  course,  besides  this, 
many  changes  needed  to  advance  British  trade,  and  we 
are  still  seriously  handicapped  in  many  ways.  When 
we  consider  that  produce  can  be  brought  from  the 
Antipodes  to  the  London  market  at  less  cost  than  from 
different  parts  of  the  United  Kingdom,  two  things  are 
brought  home  to  our  minds — one  is  the  neglect  of  our 
railways  to  keep  pace  with  modern  requirements,  and 
the  other  is  the  remarkable  foresight  that  has  been 
displayed,  and  the  progress  made  by  our  shipowners, 
who  have  realized  the  necessity  for  constant  improve- 


68 

ment  and  advancement,  and  have,  in  fact,  made  the 
pace  so  fast,  that  vessels  built  in  many  cases  only  a  few- 
years  ago  are  now  obsolete  or  useless  for  their  trade. 
Fortunately  we  have  so  many  resources,  and  we  are  in 
such  an  excellent  position,  that  it  seems  to  me  that  if 
we  do  not  get  the  trade  in  one  way  we  have  oppor- 
tunities of  getting  it  in  another ;  that  we  shall  neglect 
to  make  use  of  these  opportunities  I  do  not  believe,  and 
I  am  glad  of  this  chance  of  once  more  expressing  my 
unabated  confidence  in  my  own  countrymen  and  in  the 
future  of  this  country,  although  I  have,  as  I  have  said, 
the  greatest  admiration  for  America,  and  readily  con- 
cede her  a  high  and  commanding  position  in  the  destiny 
of  nations.     [Cheers.] 

We  shall  doubtless  witness  in  the  coming  year  a  keen,, 
and  even,  perhaps,  sometimes  a  fierce  competition, 
between  commercial  nations,  but  I  trust  there  will  be 
less  international  jealousy  as  each  country  realizes  that 
its  own  prosperity  and  success  may  be  enhanced  by  the 
other's  successful  development  and  progress,  and  in  the 
interest  of  commerce  and  manufactures  I  hope  that  the 
relations  between  the  great  countries  of  the  world 
will  be  characterized  by  an  honorable  striving  after 
commercial  ideals  and  success  in  the  arts  of  peace. 
[Cheers.] 

"  Our  Kin  Beyond  the  Sea." 

The  Right  Hon.  Lord  Alverstone,  Gt.  C.  M.  G. ,  Lord 
Chief- Justice  of  England,  who  was  received  with  great 
cheering,  said: 

Speech  of  the  Rt.  Hon.  Lord  Alrerstone,  Lord  Chief  Justice  of 

England. 

Mr.  Chairman,  Ladies,  my  Lords  and  Gentlemen  : 
The  hour  of  the  evening  at  which  we  have  arrived  make* 


o-    r  IE 

5^NIV£RSITY    ) 

it  qaite  impossible  I  should  delTver  to  you  the  carefully 
prepared  oration  that  I  had  thought  out  in  order  to  do 
honor  to  this  toast.     [Laughter.] 

There  is  another  reason :  Nearly  all  the  sentiments 
which  I  thought  were  my  special  private  property  have 
been  taken  over  by  you,  my  lord,  or  incorporated  in  the 
admirable  speech  of  Mr.  Morris  K.  Jesup.  [Laughter 
and  cheers.]  So  like  was  ray  intended  speech  to  Mr. 
Jesup' s  that  my  clerk  must  have  purloined  the  manu- 
script and  given  Mr.  Jesup  the  opportunity  of  bringing 
out  in  his  own  most  admirable  way  the  ideas  I  wished 
to  present  to  you.  [Laughter.]  My  lords  and  gentle- 
men, it  being  therefore  impossible  for  me,  as  it  would 
be  really  unbecoming,  to  deliver  the  speech  I  had  in- 
tended, I  shall  content  myself  at  this  hour  with  a  very 
few  sentences  in  proposing  to  you  a  sentiment,  and  that 
is  the  sentiment  of  our  kin  beyond  the  sea.  [Loud 
cheers.]  Of  course,  all  our  hearts  and  thoughts  turn 
to-night  to  that  branch  of  our  kinsmen  who  come  from 
the  great  republic  of  the  west,  and  from  which  we  hail 
to-night  the  guests  and  friends  we  have  been  so  glad  to 
welcome.  I  need  not  remind  you  of  how  all  American 
citizens  love  to  come  to  the  old  country  and  to  trace  out 
the  place  of  their  ancestors,  to  find  who  there  are  still 
of  their  own  name.  I  know,  from  having  occupied  an 
official  position  for  a  great  many  years,  that  scores,  I 
might  say  hundreds,  of  citizens  of  the  United  States 
come  to  England  for  that  amongst  other  objects,  and,  as 
has  been  well  said,  they  love  to  visit  the  old  cathedrals 
and  to  feel  that  they  liave  their  share  in  them,  and  that 
the  United  States  as  well  as  Gfreat  Britain  can  claim 
that  noble  heritage.  [Loud  cheers.]  I  would  also  re- 
mind you  in  one  sentence  of  how  the  children  of  the  old 
mother  have  shown  themselves  true  to  the  best  instincts 
of  humanity  in  the  glorious  way  in  which  the  sons  of 
the  United  States  have  founded  universities  almost  sur- 
passing the  great  universities  which  have  had  such  a 


60 

long  traditional  history  in  our  land.  [Cheers.]  But 
that  is  not  the  only  reason  why  I  ask  those  who  are  here 
to-night  who  do  not  come  from  the  United  States  to 
welcome  them.  My  reason  is  because  I  know  from  per- 
sonal experience  that  you  have  only  to  go  to  the  United 
States,  or  meet  any  man  of  your  own  profession,  or  any 
man  to  whom  you  have  any  introduction,  nay,  any  cas- 
ual traveller  in  the  steamboat  or  the  train,  to  receive  a 
hearty  welcome — [cheers] — a  welcome  that  convinces 
you  there  is  something  more  than  the  mere  skin-deep 
hospitality  which  some  people  think  is  the  only  thing 
necessary  to  bind  people  together.  Therefore,  my 
lords  and  gentlemen,  I  feel  that  we  ought  to  do  honor, 
if  it  be  only  by  the  heartiness  of  our  greeting,  as  it 
cannot  be  by  wealth  of  words,  to  this  toast,  I  have 
perhaps  two  claims  to  present  this  toast  to  you  with 
the  greatest  heartiness,  with  the  most  absolute  sincer- 
ity and  with  a  feeling  of  deep  sentiment.  I  am  not  only 
the  only  living  Englishman,  but  the  only  Englishman 
who  has  ever  lived  who  has  been  allowed  to  address  the 
Judges  of  the  Supreme  Court  of  the  United  States  on 
two  occasions.  [Cheers.]  I  am  afraid  I  did  not  make 
much  impression  upon  them,  but  the  result  was  not 
altogether  unsatisfactory.  [Laughter.]  My  second 
reason  is  this  :  That  for  twenty-five  years  of  active  pro- 
fessional life  I  was  closely  connected  with  many  of  the 
leading  scientific  pioneers  of  the  United  States.  I  had 
the  pleasure  and  privilege  of  helping  to  protect  and 
safeguard  their  interests  in  this  country,  and  I  can  en- 
dorse what  was  said  by  Lord  Brasspjy  this  evening 
when  he  stated  that  the  marvellous  strides  made  by 
America  in  every  branch  of  the  scientific  world  during 
the  last  twenty-five  years  will  command  forever  the 
admiration  of  the  scientific  historian,  and  have  con- 
ferred untold  benefits  on  every  branch  of  humanity. 
My  lords  and  gentlemen,  I  dare  not  detain  you  longer, 
for  in  my  opinion  the  merit  of  after-dinner  speeches  ia 


61 

not  to  be  gauged  by  their  length.  I  desire  to  couple 
two  names  with  this  toast,  and  they  are  both  names  of 
distinguished  men.  One  is  that  of  a  man,  I  am  proud 
to  say  a  friend  of  mine  for  some  years,  who  was  one  of 
those  who,  on  my  first  visit  to  America,  to  me  a  stranger, 
held  out  that  hospitality  and  has  showed  it  to  me  ever 
since.  He  is  a  man  of  wiiom  we  do  not  conceive  that 
he  belongs  entirely  to  America.  We  think  at  any  rate 
that  one  part  of  His  MajCvSty's  dominions  has  a  very 
large  slice  or  share  in  Aitdrew  Carnegie.  [Cheers.] 
And  it  would  ill  become  me  in  his  presence  to  say  more 
about  him  except  that  he  sets  an  example  which  many 
Englishmen  and  Americans  might  well  follow.  [Cheers.] 
I  am  sure  you  will  agree  with  me  he  is  one  fully  worthy 
to  respond  to  this  sentiment  I  have  so  unworthily  pre- 
sented to  you.  The  other  gentleman,  well  known  to 
many  of  you,  whom  I  have  seen  for  the  first  time  to- 
night, Mr.  Griscom,  has  a  strong  claim  to  a  hearty 
welcome  from  you  all,  for  he  only  arrived  in  this  coun- 
try barely  a  few  hours  ago  ;  and  notwithstanding  the 
fact  that  he  was  late  in  London  and  missed  seeing  the 
Derby,  he  has  come  here  to-night  to  respond  to  this 
toast.  [Cheers.]  Gentlemen,  nobody  is  more  conscious 
than  I  am  how  unworthy  altogether  has  been  the  lan- 
guage in  which  I  have  presented  to  you  those  senti- 
ments, mainl}'-  due,  in  fact,  to  the  unwarranted  outrage 
oh  my  property  which  has  been  perpetrated  by  Mr. 
Jesup.  [Laughter.]  But  I  do  commend  to  you  the 
sentiment  of  our  kinsmen  beyond  the  sea,  and  I  couple 
with  it  the  names  of  Mr.  Andrew  Carnegie  and  Mr. 
Griscom. 

The  toast  was  drunk  with  acclamation. 

Mr.  Andrew  Carnegie,  Vice-President  of  the  New- 
York  Chamber  of  Commerce,  who  met  with  an  enthusi- 
astic welcome,  was  the  first  to  respond  : 


62 

Speech  of  Mr.  Andrew  Carnegie,  Vice-President  of  the  New-York 
Chamber  of  Commerce. 

Ladies,  Mr.  Chairman,  my  Lords  and  Gentlemen  : 
I  am  too  old  at  public  speaking  not  to  follow  the  illus- 
trious example  of  the  noble  lord  who  has  just  taken 
his  seat.  At  this  hour  of  the  night  there  is  nothing  for 
us  to  do  who  have  any  regard  for  those  who  are  to 
follow,  but  to  speak  only  for  a  few  moments.  I  am 
more  fortunate  than  the  noble  lord,  because  I  am  in- 
formed that  my  speach,  which  I  was  careful  to  hand  to 
the  Associated  Press,  because  all  my  other  colleagues 
have  done  so,  [laughter,]  has  already  been  telegraphed. 
I  said  to  the  reporter,  "  You  do  not  want  my  speech — 
suppose  I  do  not  deliver  it,  I  only  have  a  few  notes." 
"Well,"  he  said,  "This  is  how  we  manage  it.  Our 
man  stands  there,  and  when  Mr.  Jesup  gets  up  we  cable, 
'Release  Jesup.'"  [Laughter.]  And  when  Lord 
Brassey  is  through,  "Release  Brassey,"  and  when 
you  are  through  we  telegraph  the  words,  "  Release 
Carnegie."  Well,  gentlemen,  think  of  the  relief  that 
I  get,  think  of  the  relief  I  am  going  to  give  you  by 
not  inflicting  that  speech  upon  you.  You  can  read  it 
all  to-morrow  morning  cabled  back.  [Laughter.]  But 
I  wish  to  say  this,  Mr.  Chairman,  most  fortunate  was 
the  choice  you  made  of  the  noble  lord  to  propose  the 
toast  of  our  kin  beyond  the  sea.  We  consider  him  one 
of  us.  We  know  him  ;  he  is  one  of  the  connecting 
links  that  span  the  Atlantic  and  serve  to  bind  us  to- 
gether ;  he  is  equally  liked  and  honored  on  both  sides 
of  the  Atlantic.  [Cheers.]  I  will  only  speak  of  two 
notes  that  have  been  struck  in  the  speeches,  one  by 
President  Jesup,  where  he  said  there  could  be  no  jeal- 
ous rivalry  between  nations.  Well,  I  think  the  adage, 
that  two  of  a  trade  can  never  agree,  must  have  arisen 
because  two  or  three  retail  shopkeepers  in  the  same 
street  were  jealous  of  each  other — perhaps  the  tailors  of 


63 

Tooley  Street  may  have  given  rise  to  it,  It  has  no  place 
with  the  captains  of  industry.  I  appeal  to  the  leading 
gentlemen  here,  many  of  them  who  control  the  business 
relations  of  the  two  countries.  Is  it  not  true  that  the 
closest  friendship,  the  truest  and  best  friends  that  you 
have  got  are  those  you  have  formed  among  your  own 
competitors?  [Cheers.]  Such  is  my  experience.  There 
can  be  no  jealousy  between  us,  for  the  reason  that  that 
is  not  lost  which  a  friend  gets.  That  is  the  adage  of  the 
present  day.  But  there  is  another  sentiment  that  has 
occurred  to  me  which  will  succeed  that.  Some  of  these 
days  let  us  English  speaking  people  of  any  part  of  the 
world  never  consider  that  lost  which  any  part  of  the 
race  in  any  part  of  the  world  still  holds.  [Cheers.] 
To-night,  in  every  speech,  there  has  been  that  indica- 
tion of  longing  for  reconciliation,  for  the  drawing  closer 
together  of  the  two  great  branches  of  that  race  which 
comprise  the  whole  of  it.  Gentlemen,  there  are  only 
two  flags  in  the  English  speaking  race,  and  if  ever  those 
two  flags  are  unfurled  together  side  by  side  for  the 
peace  of  the  world,  to  preserve  the  peace  of  the  world 
against  all  disturbances,  be  the  foe  one  or  many,  or  a 
combination  of  foes,  let  the  fates  pity  that  foe.  [Loud 
cheers.]  Gentlemen,  this  is  a  unique  meeting ;  it  has 
never  occurred  before,  but  I  trust  that  we  are  to  have 
many  reciprocal  unions  of  the  Chambers  of  Commerce 
of  the  two  great  metropoli  of  the  races.  Perhaps  we 
shall  not  always  be  favored  with  such  an  Ambassador 
as  the  present  one,  perhaps  we  shall  not  be  always 
favored  with  such  friends,  but  whatever  comes — I 
speak  in  the  presence  of  the  Secretary  of  Foreign  Affairs 
— if  ever  the  Cabinets  of  the  two  countries  cannot  settle 
any  difference  that  arises  between  us  by  peaceable 
arbitration,  or  themselves  without  going  to  arbitration, 
I  propose  to  them  that  the  question  be  referred  to  the 
Chambers  of  Commerce  of  London  and  New- York. 
[Loud  cheers.]    That  is   the   final   tribunal.     As    the 


64 

Chairman  has  just  told  us,  we  stand  for  peace,  for  the 
peace  of  the  world.  The  motto  that  every  Chamber  of 
Commerce  should  carry,  is  peace  and  good  will  to  man. 
[Cheers.]  We  will  settle,  if  submitted  to  us,  any  ques- 
tion that  arises  between  the  two  branches  of  the  race, 
with  peace,  and  give  to  both  peace  and  honor.  [Loud 
[cheers.]  I  tell  you  no  statesman  or  body  of  statesmen 
can  bring  about  war  between  these  two  branches  without 
dishonor.  [Hear,  hear.]  One  point  more— carrying 
out  the  idea  of  the  race  drawing  together — because  when 
we  speak  of  our  race  drawing  together  we  only  mean 
the  two  branches.  I  hold  that  the  day  is  coming  when 
patriotism  of  race  will  arise,  not  to  supplant  that  pre- 
cious sentiment,  patriotism  in  any  country,  but  to  sup- 
plement it,  to  extend  it,  and  to  dignify  it,  and  make  it 
something  of  which  our  race  will  be  prouder  than  of 
any  other  victory  it  has  ever  obtained.  Patriotic 
Englishmen,  patriotic  Welshmen,  patriotic  Irishmen, 
patriotic  Scotchmen,  patriotic  New-Yorkers,  patriotic 
Pennsylvanians,  patriotic  Virginians,  patriotic  Cana- 
dians— patriotic  Britons  or  patriotic  Americans,  as  we 
may  individually  be,  we  should  not  rest  content  with 
that,  but  we  should  look  forward  to  the  day  when  we 
shall  be  patriotic  members  of  the  whole  English- 
speaking  race.     [Loud  cheers.] 

Mr.  Clement  A.  Geiscom,  of  the  New- York  Cham- 
ber of  Commerce,  who  was  also  received  with  acclama- 
tion, said: 

Speech  of  Mr.  Clement  A.  Oriscom,  of  the  New- York  Chamber 

of  Commerce. 

My  Lokds  and  Gentlemen  :  I  am  different  from 
my  friend,  Mr.  Carnegie,  in  one  respect,  that  my 
speech  has  not  been  given  to  the  press.  I  am  very 
happy  that  I  have  been  assigned  to  respond  to  this 


65 

toast,  for  it  is  the  one  which  appeals  to  me  beyond  all 
others  to  which  you  have  listened.  The  merchant  ship- 
ping is  the  symbol  of  an  enlightened  nation  expanding 
through  those  traits  on  which  rests  the  brotherhood  of 
man.  Empires  have  been  created  by  the  sword,  but 
they  have  soon  collapsed.  The  greatness  which  comes 
from  commerce  is  founded  on  civilization  itself.  You 
are  the  subjects  of  a  Sovereign  whose  morning  drum- 
beat following  the  sun,  circles  the  earth  with  one  con- 
tinuous stream  of  the  martial  airs  of  England.  But  a 
truer  index  of  your  greatness  than  Webster's  familiar 
metaphor  are  your  fleets  under  the  red  flag.  [Hear, 
hear.]  Bearing  upon  every  sea  products  of  every  soil, 
they  contribute  to  the  welfare  and  comfort  of  the  whole 
world,  as  well  as  to  your  own  wealth.  International 
trade  was  worthily  dignified  by  one  of  your  most  pro- 
found thinkers  as  the  great  permanent  security  for  the 
uninterrupted  progress  of  the  ideas,  the  constitution 
and  the  character  of  the  human  race.  Until  the  race 
steps  backwards,  and  right  becomes  wrong,  a  nation 
with  the  merchant  shipping  of  the  United  Kingdom 
must  abide  a  mighty  power.  [Cheers.]  Within  the 
past  few  years  the  United  States  have  expanded  by  the 
force  of  circumstances  which  could  not  be  foreseen.  It 
is  natural  that  my  country  should  aspire  to  a  share  in 
the  ocean  carrying  trade.  Events  compel  us  to  take 
part  in  the  responsibility  as  well  as  in  the  emoluments 
of  the  dominion  of  the  seas.  Whatever  steps  may  be 
taken  towards  this  end  by  the  sagacity  of  our  law 
makers,  the  skill  of  our  ship  builders,  the  enterprise 
and  skill  of  our  ship  owners,  one  spirit  animates  us, 
that  the  ocean  is  large  enough  for  all,  and  that  equality 
of  conditions  shall  not  be  disturbed  by  unfair  discrimi- 
nation. The  President  of  the  United  States  has  already 
advocated  the  incorporation  in  the  permanent  law  of 
civilized  nations  the  principle  that  all  private  property 
on  the  sea,  not  contraband  of  war,  shall  be  exempt 


66 

from  capture  by  belligerents.  Our  coasts  are  liberally 
lighted,  our  harbors  are  buoyed  and  lighted  all  free 
of  cost  for  the  benefit  of  shipping,  and  the  charges  on 
shipping  for  general  control  are  small  and  equally  im- 
posed. The  Federal  Constitution  prohibits  an  export 
tax  on  coal.  [Laughter.]  The  United  States  proposes 
soon  to  begin,  at  its  own  expense,  the  great  work  which 
remains  to  be  done  for  the  expansion  of  the  world's 
shipping  and  commerce,  the  construction  of  a  canal 
across  the  isthmus  separating  the  Atlantic  from  the 
Pacific.  Whatever  route  may  be  chosen,  whatever  pre- 
liminary negotiations  may  be  necessary,  I  am  confident 
American  sentiment  will  sustain  me  in  asserting  that 
the  canal  shall  be  open  on  equal  terms  to  the  ship- 
ping of  all  nations ;  [cheers ;]  that  no  special  com- 
mercial privileges  in  return  for  our  investment  will 
be  sought  for  the  United  States ;  and,  in  accordance 
with  our  national  policy  the  charges  on  shipping  using 
the  canal  will  be  no  more  than  are  necessary  for  its 
official  administration.  [Hear,  hear.]  The  canal  is  to 
be  the  first  contribution  of  the  United  States  to  the  new 
American  development  of  this  century.  [Cheers.]  The 
canal  will  not  probably  bring  about  such  changes  in 
shipping  and  commerce  as  did  the  construction  of  the 
Suez  Canal,  but  it  will  give  increased  facilities  for  com- 
munication between  Europe  and  Western  America, 
between  the  Northern,  Southern  and  Eastern  States 
with  those  of  the  West.  In  Her  reign  your  gracious 
Sovereign  Queen  saw  the  shipping  returns  of  the  Aus- 
tralian colonies  grow  to  exceed  those  of  the  United 
Kingdom  when  the  City  of  Melbourne  was  founded. 
Only  the  seer  can  predict  the  possibilities  to  American 
shipping  in  the  construction  of  the  Trans-isthmian  Canal, 
and  the  development  of  the  trade  of  the  Pacific  Ocean. 
To  obtain  a  share  of  the  enormous  ocean  trade  of  the 
future  it  must  be  chiefly  to  the  Pacific  we  look.  The 
United  States,  I  believe,  will  adopt  practical,  straight- 


67 

forward  measures.  The  relations  of  our  trans-conti- 
nental railroads  to  our  export  trade  are  such  that 
already  the  time  is  here  when  those  routes  must 
be,  by  means  of  steamships  under  the  same  con- 
trol, projected  across  the  oceans.  Nowadays  capital 
is  international.  Your  guineas  helped  to  build  the 
railroads  of  our  country,  and  our  dollars  are  now 
going  into  British  ships.  We  hope  in  time  to  be 
able  to  do  more  for  our  own  shipbuilding.  Our 
plants  are  not  yet  specialized.  Our  capital  and  labor 
are  not  so  accurately  sub  divided  as  yours,  but  we  are 
advancing.  With  the  co-operation  of  our  Government 
we  trust  that  soon  on  the  great  ocean  trade  routes  the 
flag  of  the  United  States  will  fly  side  by  side  with  that 
of  Great  Britain.  My  countrymen  do  not  envy  you  the 
source  of  your  strength.  The  world's  second  seaport 
welcomes  the  steamship  as  much  as  does  London,  the 
first  seaport,  because  we  are  learning  from  you.  We 
have  aspirations  like  those  you  have  already  realized. 
Shortly  after  the  cable  had  shocked  the  Western  world 
by  announcing  tbe  sad  tidings  of  the  death  of  your 
beloved  Queen,  I  was  walking  by  our  Independence 
Hall,  from  whose  steps  was  read  the  Declaration  of 
Independence,  and  I  found  the  American  flag  on  the 
spire  flying  at  half-mast,  a  spontaneous  act  of  affection 
and  respect  more  significant  from  that  spire  than  any 
other,  which  evidenced  the  underlying  feeling  of  the 
American  people,  and  the  reflection  was  forced  upon 
me  that  that  affection  and  respect,  stronger  than 
treaties,  ensured  the  progress  of  the  civilization  of  the 
world.     [Loud  cheers.] 

Owing  to  the  lateness  of  the  hour  it  was  found 
necessary  to  omit  the  next  toast  on  the  toast  list,  "  Our 
British  Guests  and  the  Institutions  they  Represent," 
which  was  to  have  been  proposed  by  Mr.  Thomas  F. 


6S 

Black  WALL,  Chairman  of  the  Council  of  the  London 
Chamber  of  Commerce,  and  responded  to  by  the  Right 
Hon.  Lord  Hillingdon,  President  of  the  Institute  of 
Bankers.     The  toast  was  omitted  with  much  regret. 

"The  London  Chamber  of  Commerce." 

The  last  toast  of  the  evening  was  that  of  "The 
London  Chamber  of  Commerce,"  and,  on  rising  to  pro- 
pose it,  His  Excellency  the  Hon.  Joseph  H.  Choate, 
Ambassador  Extraordinary  and  Plenipotentiary  of  the 
United  States,  received  a  hearty  greeting. 

Speech  of  the  Hon.  Joseph  H.  Choate,  the  American  Ambassador, 

Mr.  Pkesident,  my  Loeds  and  Gentlemen  :  I  rise 
to  propose  a  loyal  benediction  in  offering  the  last  toast 
in  honor  of  the  London  Chamber,  which  I  shall  do 
without  more  ado,  and  in  as  few  words  as  possible. 
This  London  Chamber  of  Commerce  has  done  a  noble 
and  magnanimous  act  in  thus  extending  the  right  hand 
of  friendship  to  the  most  formidable  rivals  they  have  in 
the  kindred  nation  across  the  sea,  an  act  of  friendship 
which,  I  believe,  speaks  the  true  sentiments  of  the  vast 
majority  of  the  people  on  both  sides  of  the  Atlantic 
towards  the  other  nation.  [Cheers.]  It  confirms  the 
conviction  that  rests  strongly  in  my  mind  that  com- 
merce, no  matter  what  has  been  its  history  in  the  past, 
is  now,  and  in  the  future  will  be,  the  real  pacifier,  the 
peace  maker,  the  blessing,  the  common  and  mutual 
blessing  of  all  mankind.  It  suggests,  moreover,  that 
there  is  room  enough  in  the  world  for  these  two  branches 
of  the  English  speaking  race  each  to  follow  out  its  own 
destiny  without  coming  into  conflict  with  the  other,  that 
their  interests  are  so  inextricably  united  that  any  real  con- 


69 

flict  between  them  is  impossible.  [Hear,  hear.]  I  trust, 
gentlemen,  that  this  visit  which  this  notable  gathering  of 
Americans  has  made  here  will  be  returned  speedily,  and 
returned  often,  not  by  the  merchants  only,  or  the 
lawyers,  or  the  judges,  but  by  the  statesmen,  and  the 
writers,  and  the  engineers,  and  the  mechanics  and  the 
workingmen,  [cheers,]  so  that  we  shall  be  better  ac- 
quainted with  each  other,  because  all  that  is  necessary 
to  make  us  in  future  absolutely  fast  and  close  friends  is 
that  we  shall  be,  day  by  day  and  year  by  year,  better 
acquainted  than  we  have  been  before.  [Cheers.]  And 
so,  as  we  have  kept  the  peace  for  the  last  eighty-six 
years,  I  believe,  by  the  means  I  have  indicated,  we 
shall  be  able  to  keep  it  for  the  next  860.  [Cheers.] 
Therefore,  gentlemen,  I  give  you  health  and  prosperity 
to  the  London  Chamber  of  Commerce,  and  I  couple 
with  it  the  name  of  that  distinguished  past  president, 
Mr.  Albeet  Sandeman,  who  will  address  you  now. 
[Cheers.] 

The  toast  having  been  duly  honored  : 

Mr.  Albert  Gr.  Sandeman,  Past-President  of  the 
London  Chamber  of  Commerce  and  ex-Governor  of  the 
Bank  of  England,  responded  : 

Speech  of  Mr.  Albert  O.  Sandeman,  Fast-President  of  the  London 
Chamber  of  Commerce. 

YouE  Excellency,  my  Loeds  and  Gentlemen  :  I 
could  have  wished  that  one  of  the  three  past  Presidents 
who  are  here  to-night  might  have  been  chosen  to  re- 
spond to  the  toast  which  they  could  have  done  better 
than  I.  We  have  Lord  Avebuey,  the  distinguished 
President ;  Mr.  Teitton,  who  was  a  distinguished 
President,  and  Sir  Albeet  K.  Rollit,  who  was  my  pred- 
ecessor.    I  wish  to  thank  Mr.  Choate,  the  American 


70 

Ambassador,  most  warmly  for  the  kind  words  he  has 
used  in  speaking  of  the  London  Chamber  of  Commerce. 
And  I  wish  to  return  the  warm  thanks  of  the  Chamber  of 
Commerce  of  London  to  him  for  the  kind  co-operation 
he  has  given  to  the  Chamber,  especially  in  the  service 
he  rendered  in  the  reception  of  our  American  friends. 
[Cheers.]     I  am  perhaps  the  proper  person  to  respond 
to  this  toast,  being  the  last  ex- President  and  having 
had  the  advantage  of  being  President  of  the  London 
Chamber  of  Commerce  when  the  invitation  to  the  New- 
York  Chamber  was  sent  and  kindly  accepted  by  them. 
[Hear,  hear.]     I  have  also   to  acknowledge  the  many 
kind   messages  which  we  have  received  from  time  to 
time    from  the  New- York   Chamber,  not  the  least  of 
them  being  the  kind  expressions  they  sent  on  the  occa- 
sion of  the  loss  of  our  great  Queen.     [Hear,  hear.]   I  do 
not  wish  to  trouble  you  with  a  long  speech,  but  I  can- 
not sit  down  without  expressing  my  thanks  and  those 
of  the   Chamber  to  the  Organizing  Committee  of  the 
London  Chamber  of  Commerce,  who  have  enabled  ar- 
rangements for  the  reception  of  our  friends  to  be  car- 
ried out,  and  I  would  couple  with  that  our  thanks  to 
the  staff  of  the  London  Chamber,  whose  labors,   you 
may  imagine,  have  not  been  light.     [Hear,  hear.]  I  also 
wish  to  express,  as  I  know  you  would  wish  to  express, 
our  thanks  to  the  Grocers'  Company  for  so  kindly  allow- 
ing us  to  have  this  entertainment  in  their  great  hall. 
[Cheers.]     I  have  also  to  thank  especially  the  Worship- 
ful Master  of  the  Company,  Mr.  Murkay  Marshall, 
for  his  great  aid  in  our  operations.     [Cheers.]     We  are 
extremely  thankful  to  him  for  allowing  us  to  have  an 
exhibition  of  their  beautiful  ancient  plate,  which  is  a 
privilege  not  generally  accorded  to  those  to  whom  they 
are  sometimes  kind  enough  to  lend  their  hall.  [Cheers.] 
This  is  an  occasion  on  which  one's  feelings  rather  over- 
come one.     I  was  very  much  impressed  with  the  speech 
of  Mr.  Jesup,  whose  expressions  touched  me  extremely 


71 

and  were  most  gratifying  to  all  of  us.  [Cheers.]  With 
regard  to  the  remarks  that  have  been  made  as  to  our 
competing  with  our  friends  on  the  other  side  of  the 
Atlantic,  I  would  say  that  the  more  we  know  of  them 
the  better  we  are  prepared  to  meet  the  competition  we 
have  with  them,  and  if  we  can  learn  from  them  how  to 
meet  them  in  trade  competition,  they  mayjlearn  from  us 
something  too,  and  altogether  we  may  bring  our  com- 
mercial affairs  into  line  for  the  benefit  of  both  countries. 
[Cheers.]  I  thank  you  most  heartily  for  the  kind  ex- 
pressions you  have  used  towards  the  London  Chamber 
of  Commerce.     [Loud  cheers.] 

The  Chairman  then  declared  the  Banquet  at  an  end. 

RECEPTION  BY  LORD  BRASSEY. 

The  Right  Hon.  Lord  Brassey,  K.  C.  B.,  President 
of  the  Lon  don  Chamber  of  Commerce,  gave  a  private 
reception  to  the  American  delegates  at  his  residence, 
24  Park  Lane,  W.,  from  ten  to  twelve,  P.  M.,  on  Thurs- 
day, June  6th,  which  was  attended  by  a  large  number 
of  very  distinguished  guests. 

RECEPTION  BY  THE  LORD  MAYOR. 

On  Friday,  June  7th,  the  Right  Hon.  The  Lord 
Mayor,  accompanied  by  the  Lady  Mayoress  and  Mr. 
Alderman  and  Sheriff  Vaughan  Morgan  and  Mr.  Sher- 
iff Lawrence,  M.  P.,  received  the  delegates  in  the 
saloon  of  the  Mansion  House  at  12.30,  P.  M.  The  civic 
party  included  the  City  Marshal,  the  Mace  Bearer,  the 
Sword  Bearer  and  the  Recorder,  in  their  respective 
robes,  and  formed  a  most  picturesque  group.  In  the 
midst  of  the  busy  hours  of  the  day  it  was  naturally 
difficult  for  business  men  to  spare  the  time  to  take  part 
in  a  social  function.     But,  recognizing  the  unique  char- 


72 

acter  of  the  occasion  and  desirous  of  doing  honor  to 
the  members  of  the  New- York  Chamber  of  Commerce, 
many  of  the  foremost  men  in  the  City  of  London  man- 
aged to  get  away  from  the  cares  of  business  for  an  hour 
and  attend  the  ceremony.  Among  those  present  were 
the  following,  in  addition  to  the  American  visitors : 

The  Rt.  Hon.  Lord  Brassey. 

The  Rt.  Hon.  the  Earl  of  Meath. 

The  Rt.  Hon.  Lord  Avebury. 

The  Rt.  Hon.  Lord  Rothschild. 

The  Rt.  Hon.  Lord  Revelstoke. 

The  Rt.  Hon.  Lord  Hillingdon. 

Sir  Mark  W.  Collet. 

Alderman  Sir  Joseph  Dimsdale,  M.  P. 

Sir  Christopher  Furness,  M.  P. 

Sir  Douglas  Fox. 

Sir  E.  GouRLAY. 

Sir  William  H.  Quayle  Jones. 

Sir  John  Jackson. 

Sir  Hiram  S.  Maxim. 

Sir  Samuel  Montagu. 

Sir  W.  D.  Pearson,  M.  P. 

Sir  John  H.  Puleston. 

Sir  Albert  K.  Rollit,  M.  P. 

Sir  Vincent  Kennett-Barrington. 

Mr.  Albert  Gr.  Sandeman. 

Mr.  Thomas  P.  Blackwell. 

Mr.  J.  Innes  Rogers. 

Col.  W.  J.  Alt. 

Mr.  E.  T.  Agius. 

Mr.  S.  B.  BouLTON. 

Mr.  Alex.  Hargreaves  Brown. 

Mr.  C.  Langdon  Davies. 

Mr,  Charles  Charleton. 

Mr.  Henry  Clarke. 

Mr.  Nathaniel  L.  Cohen. 


73 

Mr.  J.  Denison-Pender. 

Mr.  William  Field,  M.  P. 

Mr.  John  S.  Gilliat. 

Mr.  M.  P.  Grace. 

Mr.  Charles  A.  Hanson. 

Mr.  George  N.  Hooper. 

Mr.  W.  Beoket  Hill. 

Mr.  John  J.  Jackson. 

Mr.  Frank  Johnston. 

Mr.  W.  Keswick,  M.  P. 

Dr.  Walter  Leaf. 

Mr.  C.  Seton  Lindsay. 

The  Hon.  Charles  N.  Lawrence. 

Mr.  S.  Hope  Morley. 

Mr.  Magnus  Mowat. 

Mr.  Sidney  Morse. 

Col.  KoPER  Parkington. 

Majors.  Flood  Page. 

Mr.  Isaac  Seligman. 

Mr.  Albert  Spicer. 

Mr.  Felix  O.  Schuster. 

Mr.  E.  Speyer. 

Mr.  J.  H,  Tritton. 

Mr.  Frederick  Whinney. 

Mr.  Robert  Wales. 

At  the  conclusion  of  the  reception  the  guests  were 
conducted  by  the  Lord  Mayor  into  the  Egyptian  Hall. 
After  grouping  themselves  around  the  civic  party,  Lord 
Brassey  advanced  and  introduced  the  visitors  to  the 
Lord  Mayor. 

Speech  of  the  Bt.  Hon.  Lord  Brassey,  President  of  the  London 
Chamber  of  Commerce. 

My  Lord  Mayor  :  These  gentlemen  are  here  at  the 
invitation  of  the  London  Chamber  of  Commerce,  an  in- 


74 

vitation  which  was  given  some  time  ago  in  recognition 
of  the  good  offices  of  the  members  of  the  New- York 
Chamber  of  Commerce  at  a  time  when  we  were  engaged 
in  difficult  negotiations  with  the  Government  of  the 
United  States.  Their  influence  was  used  in  the  inter- 
ests of  peaceful  solutions,  and  we  have  desired  to  mark 
our  appreciation  of  their  friendship  for  this  country, 
the  influence  which  they  have  always  exercised  in  the 
cause  of  peace  and  good  relations,  and  we  are  proud  to 
welcome  them  amongst  us  to-day.  [Hear,  hear.]  My 
Lord  Mayor,  it  would  be  felt  by  them  and  by  the  mem- 
bers of  the  London  Chamber  that  no  welcome  in  this 
old  country  would  be,  as  it  were,  complete  without  the 
sanction  of  the  chief  magistrate  of  this  ancient  and 
noble  capital.  [Hear,  hear.]  We  appreciate  extremely 
your  kindness  and  your  sympathy  with  the  occasion 
and  we  thank  you  from  our  hearts  for  your  kind  wel- 
come this  morning.     [Cheers.] 

The  Lord  Mayor,  in  reply,  said  : 

Speech  of  the  Rt.  Hon.  the  Lord  Mayor. 

My  Loed  Brassey  and  Gentlemen  :  You  will  allow 
me  in  the  first  place,  I  am  sure,  to  thank  Lord  Brassey 
for  his  great  kindness  in  coming  here  this  morning  and 
in  introducing  to  me  and  to  my  sheriffs  the  distin- 
guished gentlemen  who  form  a  great  portion  possibly  of 
the  New- York  Chamber  of  Commerce;  at  all  events 
they  are  those  who  are  representatives  of  that  Chamber. 
I  desire  to  assure  them  how  cordial  is  the  welcome 
which,  as  the  Chief  Magistrate  of  the  City,  I  wish  to 
extend  to  them  on  the  occasion  of  their  visit  to  the 
Mansion  House.  And  I  desire  to  do  that  not  alone  on 
my  own  behalf,  nor  alone  on  behalf  of  the  London 
Chamber  of  Commerce,  but  especially  on  behalf  of  the 
citizens    of    London    generally.      [Hear,    hear.]     The 


75 

Mansion  House,  as  you  know,  my  Lord  Beasset,  has 
on  various  occasions  been  honored  by  a  visit  from 
many  eminent  men  coming  from  all  parts  of  the  world  ; 
but  I  doubt  if  an}"^  occasion  has  yet  arisen  upon  which 
the  Chief  Magistrate  has  had  a  greater  or  better  occa- 
sion to  congratulate  himself  than  I  have  to-day  on  the 
visit  with  which  these  gentlemen  have  so  kindly 
honored  me  ;  [hear,  hear  ;]  and  I  hope  they  will  be 
good  enough  to  take  back  with  them  to  New- York  the 
assurance  that  they  have  received  here  this  morning  a 
welcome  not  only  cordial  but  a  welcome  of  the  utmost 
possible  sincerity.  We  recognize  in  their  presence  here 
to-day  the  cordial  feelings  that  they  desire  should 
animate  and  permeate  the  relations  and  the  connections 
between  England  and  America  ;  [hear,  hear  ;]  and  I  am 
quite  sure  that  few  things,  if  any,  can  better  promote 
that  good  understanding,  that  perfect  amity  which 
should  subsist  between  two  great  nations,  combined  the 
greatest  nations  in  the  world,  speaking  one  and  the 
same  language,  more  than  gatherings  such  as  this. 
[Hear,  hear.]  It  has  been  gratifying  to  us  to  know  that 
the  representatives  of  the  London  Chamber  of  Com- 
merce were  received  in  so  markedly  friendly  a  manner 
by  the  American  Chamber  of  New- York  some  few 
years  since,  and  it  is  a  matter  of  great  gratification  to 
us  to  know  and  to  believe  that  the  London  Chamber  of 
Commerce  have  not  been  slow  in  reciprocating  the 
reception  that  they  received  on  the  occasion  to  which  I 
have  ventured  to  refer.  I  venture  to  hope  that  the 
gentlemen  from  New- York  who  have  honored  us  with 
their  presence  here  to-day  will  carry  back  with  them  a 
pleasant  reminiscence  of  their  visit  to  the  City  of 
London,  and  will  believe  that  they,  at  all  times,  will  be 
most  welcome  here,  [hear,  hear,]  and  in  the  community 
of  feeling  and  the  good  understanding  which  is  pro- 
moted by  such  visits  we  are  quite  sure  that  they  are 
doing  one  of  the  greatest  and  most  useful  works  that 


76 

can  possibly  be  accomplished.  You  will  permit  me  to 
say,  in  conclusion,  I  am  sure,  that  I  was  very  much 
struck  in  reading  in  the  papers  yesterday  the  statesman- 
like speech  which  you,  Lord  Brassey,  if  you  will 
permit  me  to  say  so,  made  at  the  great  gathering  on 
Wednesday  evening.  That,  in  combination  with  the 
speech  of  Mr.  Jesup,  who  I  am  pleased  to  see  is  present 
this  morning,  [cheers,]  convinced  me  how  cordial  were 
the  feelings  that  subsisted  between  the  two  great  coun- 
tries ;  and  I  know  no  words  that  can  better  illustrate 
the  feelings  which  I  am  quite  sure  the  citizens  of 
London  generally  entertain  than  those  words  of  Mr. 
Jesup.  They  are  very  few,  yet  they  comprise  so  much, 
and,  therefore,  I  venture  to  repeat  them  :  "No  jealous 
rivalry  exists  between  the  two  peoples.  There  could  be 
none.  We  are  of  the  same  race,  the  same  blood  ;  we 
have  the  same  language  and  traditions.  We  have  the 
same  religion,  civilization  and  laws.  We  could  only  be 
rivals  in  the  effort  which  each  might  put  forth,  actuated 
by  the  same  desires,  to  carry  to  the  ends  of  the  earth 
the  blessings  of  our  civil  and  religious  liberty.'* 
[Cheers.]  Gentlemen,  I  say  those  are  great  words, 
words  of  the  most  sterling  worth,  and  I  do  venture  to 
say,  on  behalf  of  the  citizens  of  London,  they  are  words 
which  we  receive  in  the  spirit  in  which  they  ought  to  be 
received,  and  which  we  echo  with  sentiments  of  the 
most  heartfelt  and  fervent  character.     [Cheers.] 

Mr.  Morris  K.  Jesup,  President  of  the  Chamber 
of  Commerce  of  the  State  of  New- York,  after  cordially 
shaking  hands  with  the  Lord  Mayor,  replied  : 

Speech  of  Mr.  Morris  E.  Jesnp. 

Your  Lordship  :  It  is  a  great  privilege  and  pleasure 
to  me  to  represent  as  I  do  my  associates  here.     I  think 


77 

I  speak  the  sentiments  of  their  hearts  as  well  as  my 
own  when  I  say  that  the  kindnesses  we  have  received  in 
various  ways  since  our  arrival  in  London  have  capti- 
vated our  hearts.  We  are  the  children  of  this  great 
country,  and  coming  here  is  like  coming  home.  [Hear, 
hear.]  I  thank  your  lordship  for  your  kindly  words  ; 
I  thank  Lord  Brassey  for  his  kindly  words  and  for  all 
the  kind  words  that  we  have  received  since  we  have 
been  here.  I  can  only  repeat,  sir,  what  I  said  at  the 
banquet  the  other  night,  that  "kind  words  are  the 
music  of  the  world."     [Cheers.] 

The  toasts  of  " The  King"  and  of  "  The  President  of 
the  United  States"  were  subsequently  given  by  the 
Lord  Mayor  and  enthusiastically  honored — in  giving 
the  latter  toast  the  Lord  Mayor  saying :  "I  am  quite 
sure  we  cannot  forget  Mrs.  McKinley,  and  we  trust  it 
may  please  Providence  to  restore  her  shortly  to  health 
and  strength." 

Before  the  party  left  the  Mansion  House  the  Lady 
Mayoress  received  the  guests  in  the  drawing  room. 

LUNCHEON  BY  THE  LONDON  CHAMBER  OF  COMMERCE. 

Immediately  following  the  reception  at  the  Mansion 
House  the  following  gentlemen,  presided  over  by  Mr. 
Albert  G-.  Sattdeman,  Past-President  of  the  London 
Chamber  of  Commerce,  were  entertained  at  luncheon  by 
the  London  Chamber  in  the  Court  Room  at  Salters' 
Hall,  St.  S within' s  Lane,  E.  C.  : 

Mr.  Morris  K.  Jesup. 
The  Earl  of  Meath. 
Hon.  Cornelius  N.  Bliss. 


78 


Mr.  Andrew  Carnegie. 

Sir  Mark  W.  Collet. 

Mr.  Levi  C.  Weir. 

Mr.  J.  Innes  Rogers. 

Mr.  A.  Barton  Hepburn. 

Mr.  John  I.  Waterbury. 

Mr.  A.  C.  Cole. 

Mr.  Charles  Lanier. 

Mr.  George  Gray  Ward. 

Sir  Vincent  Kennett-Barrinton. 

Mr.  W.  Becket  Hill. 

Mr.  William  H.  Parsons. 

Mr.  Edmund  Arthur  Smith. 

Mr.  James  Speyer. 

Mr.  A.  S.  Williams. 

Mr.  William  Bayard  Cutting. 

Major  S.  Flood  Page. 

Mr.  A.  Foster  Higgins. 

Sir  John  Jackson. 

Mr.  Isaac  Seligman. 

Mr.  IsiDOR  Straus. 

Mr.  Eugene  Delano. 

Mr.  Kenric  B.  Murray. 

Mr.  George  Wilson. 

Maitre  Labori. 

Mr.  Charles  Charleton. 

Mr.  Felix  O.  Schuster. 

Mr.  James  W.  Pinchot. 

Mr.  E.  L.  Scott. 

Mr.  James  McCreery. 

Mr.  Charles  A.  Schieren. 

Mr.  Henry  Clarke. 

Mr.  Clarence  Cary. 

Mr.  Vernon  H.  Brown. 

Mr.  Frederick  Whinney. 

Mr.  Francis  R.  Appleton. 

Mr.  S.  Hope  Morley. 


79 

Mr.  John  T.  Terry. 

Mr.  Thomas  F.  Blackwell. 

Mr.  Nathaniel  L.  Cohen. 


After  partaking  of  luncheon  the  following  interchange 
of  sentiment  took  place  : 

Speech  of  Mr.  Albert  0.  Sandeman,  Past-President  of  the  London 
Chamber  of  Commerce. 

Gentlmen  :  I  am  very  sorry  that  Lord  Brassey, 
the  President  of  the  London  Chamber  of  Commerce, 
was  obliged  to  leave  after  the  meeting  at  the  Mansion 
House,  so  he  deputed  me  to  take  his  place  here  to-day. 
We  do  not  propose  to  have  any  toasts — we  drank  the 
health  of  our  King  and  your  President  at  the  Mansion 
House  this  morning.  There  is  only  one  toast  I  propose 
to  offer  to  you,  and  I  cannot  do  it  without  a  certain  feel- 
ing of  melancholy,  namely,  the  toast  of  our  departing 
guests.  Since  the  arrival  of  our  guests,  the  more  we 
have  seen  of  our  brothers  from  the  other  side  of  the 
Atlantic  the  more  we  have  learned  to  love  them. 
[Cheers.]  If  our  feelings  towards  those  gentlemen  who 
have  come  over  from  New- York  at  our  invitation  is  any 
criterion  of  the  general  feelings  of  the  English  people 
towards  the  Americans,  I  can  only  say  that  these  feel- 
ings must  be  of  the  most  cordial  character.  It  is  with 
the  greatest  regret  that  I,  personally,  and  I  am  sure  all 
those  connected  with  the  London  Chamber  of  Com- 
merce, will  shake  hands  for  the  last  time  with  our 
friends.  [Hear,  hear.]  The  sentiments  that  have  been 
expressed  by  Mr.  Jesup  and  various  members  of  the 
New- York  Chamber  of  Commerce  will  ever  live  in  our 
memories  [hear,  hear],  and  I  hope  that  some  of  us  will 
be  able  to  accept  the  kind  invitation  which  has  been 
given  to  us  to  go  over  to  New- York  and  be  welcomed 
there  by  them.     [Cheers.]    For  myself  it  will  afford  me 


80 

the  greatest  pleasure  and  satisfaction  to  go,  but  whether 
I  shall  be  able  to  accomplish  the  journey  or  not  I  cannot 
say  at  the  present  moment ;  these  things  do  not  rest 
entirely  with  one's  own  feelings.  The  only  thing  is  I 
should  rather  be  afraid  of  my  welcome  there — I  should 
be  afraid  that  I  should  be  treated  too  well.  [Laughter.] 
I  do  not  intend  to  detain  you  with  any  words  of  mine 
because  I  am  going  to  ask  my  friend,  Mr.  Blackwell, 
the  Chairman  of  the  Council  of  the  London  Chamber  of 
Commerce,  to  say  a  few  words.  As  time  is  valuable, 
and  we  all  have  business  to  do  during  the  afternoon,  I 
will  only  repeat  that  it  is  with  feelings  of  the  greatest 
regret  we  shall  part  with  you,  and  you  will  have  our 
best  wishes  for  God-speed  when  you  leave  us  for  a  happy 
voyage  across  the  Atlantic  and  a  safe  return  to  your 
native  country.     [Cheers.] 

Speech  of  Mr.  Thomas  F.  Blackwell,  Chairman  of  the  Council  of 
the  London  Chamber  of  Commerce. 

Mr.  Chairman  and  Gtentlemen  :  It  is  with  great 
pleasure  that  I  respond  to  the  invitation  of  the 
Chairman  to  say  a  few  words  in  support  of  this 
toast ;  not  that  I  am  able  to  add  anything  to  what 
he  has  said  or  to  the  feelings  that  he  has  ex- 
pressed. But,  perhaps,  there  is  some  fitness  in  my 
appearance  here  to-day,  first,  as  Chairman  of  the 
Council  of  the  London  Chamber  of  Commerce,  which 
represents,  as  it  were,  the  organizations  of  to-day,  and, 
secondly,  as  a  past  master  and  as  the  elected  master  for 
the  next  year  of  this  Salters'  Company,  [cheers,]  which 
represents  the  old  method  of  trade  in  the  past  when 
everything  was  protected,  when  nobody  could  trade  in 
the  City  of  London  unless  he  was  a  Freeman  of  the 
city,  when  no  man  could  be  a  Salter  or  a  dry  Salter 
unless  he  was  a  member  of  the  Salters'  Company,  when 
every  man  had  to  be  apprenticed   to  his  business — 


81  . 

which,  by  the  way,  I  very  much  regret  is  not  in  vogue 
to-day.  [Cheers.]  But  we,  as  the  Salters'  Corapany,- 
try  to  supplement  that  by  taking  an  interest  and  by 
supporting  liberally  the  cause  of  technical  education. 
[Cheers.]  I  am  not  going  to  trouble  you  with  the  his- 
tory of  the  Salters'  Company  or  the  Chamber  of  Com- 
merce, but  I  am  going  to  re-echo  again  and  again  those 
expressions  of  good  will  towards  those  members  of  the 
New- York  Chamber  of  Commerce  who  have  honored, 
us  with  their  presence  during  the  last  few  days.  I 
trust  they  will  carry  back  with  them  the  pleasantest 
recollections  of  their  visit.  From  the  King  and  the 
Lord  Mayor  down  to  the  humblest  merchant  of  London 
we  have  all  joined  in  giving  expression  of  our  good 
will,  and  have  felt  the  kindliest  feelings  towards  all  the 
members  of  that  Chamber.  I  wish  to  say  how  very 
fully  I  appreciate  the  good  will  that  has  been  expressed 
by  your  members.  I  think  that  your  President,  and 
those  who  have  spoken  on  various  occasions,  have 
placed  the  question  of  commercial  relations  upon  the 
highest  possible  plane.  I  think  we  all  feel  that  whilst 
we  trade  to  make  money  we  trade  also  to  make  our 
name  and  our  credit.  Whether  that  name  and  that 
credit  is  individual  or  national  we  all  desire  that  trade 
shall  reflect  the  best  characters  of  the  people,  and  shall 
be  for  the  prosperity  and  good  of  the  world.  [Cheers,] 
I  recognize,  as  we  all  must  recognize,  the  growing 
importance  of  the  competition  from  the  United  States, 
but,  speaking  as  an  Englishman,  with  a  good  many 
years  experience  of  business,  I  have  never  been  afraid 
of  competition.  [Cheers.]  I  think  it  is  a  most  whole- 
some thing  for  a  person,  or  a  company  or  a  nation,  and 
I  believe  we  shall  be  able  to  face  any  amount  of  fair 
competition,  [cheers,]  and  that  instead  of  there  result- 
ing from  that  competition  any  feelings  of  animosity 
there  will  spring  up  between  us  those  feelings  of  good 
will  and  brotherly  friendship  which  have  been  so  well 


82 

expressed  by  your  members.  I  have  great  pleasure  in 
seconding  and  supporting  the  toast  which  has  been  pro- 
posed by  the  Chairman — the  health  of  our  departing 
guests,  our  extreme  regret  at  losing  their  companion- 
ship, their  good  health  and  safe  return.     [Cheers.] 

The  toast  was  enthusiastically  honored. 

Speech  of  Mr.  Morris  K.  Jesup,  President  of  tlie  Chamber  of  Com- 
merce of  the  State  of  New-York. 

Mk.  Chaiemais'  akd  Gentlemen  :  I  have  but  just 
one  word  to  say.  While  I  am  very  proud  of  the 
kindness  that  we  have  received  since  we  have  been 
in  London,  I  must  confess  to  a  little  selfishness  and 
say  that  I  am  proud  of  my  fellow-members  who  have 
accompanied  me  across  the  water.  [Hear,  hear.]  I 
think  you  will  excuse  me  from  responding  to  this  toast 
when  I  tell  you  we  have  among  our  associates  one 
whom  we  not  only  claim  as  a  brother  but  is  claimed 
here  also  as  yours,  one  whom  we  love  and  respect,  and 
whose  character  and  reputation  are  so  well  estab- 
lished that  he  has  the  honor  of  the  world.  Mr.  Chair- 
man, with  your  permission,  I  ask  that  you  will  excuse 
me  from  responding,  and  accept  of  the  suggestion 
that  I  now  make,  that  Mr.  Andrew  Caknegie,  who  is 
a  Vice-President  of  our  Chamber,  should  respond 
to  this  toast  which  you  have  so  kindly  given.     [Cheers.] 

Speech  of  Mr.  Andrew  Carnegie,  Yice-President  of  the  Chamber 
of  Commerce  of  the  State  of  New-York. 

Mr.  Chairman  and  Gentlemen  :  The  President 
has  not  told  you  the  reason  why  he  asks  me  to 
speak  in  his  place.  It  is  really  because  his  heart 
is  so  full  that  he  dreads  having  to  speak  the  part- 
ing words  between  you  and  us.    [Cheers.]    He  sails 


88 

across  the  Atlantic  next  week,  and  he  said  to  rae : 
"Carnegie,  you  know  that  you  are  going  to  remain 
here  for  the  summer,  so  the  parting  will  not  be 
half  as  hard  for  you  as  it  must  be  for  me."  Gentlemen, 
we  are  assembled  here,  Britons  and  Americans — could 
any  man  point  out  the  one  from  the  other  ?  Not  one  1 
[Hear,  hear,]  I  think  we  have  cause  for  mutual  con- 
gratulations, the  Americans  that  the  English,  are  such  a 
good-looking  race,  and  also,  perhaps,  you  will  feel 
that  the  Americans  are  not  degenerate  sons.  [Hear, 
hear.]  One  note  has  pervaded  all  that  has  happened  in 
this  triumphant  success  of  your  mission,  Mr.  President, 
and  that  is  the  wish  expressed  by  both  parties  that  we 
may  draw  closer  together,  [Hear,  hear.]  We  have 
heard  that  blood  is  thicker  than  water.  Well,  I  tell 
you,  gentlemen,  I  think  the  day  is  coming  when  it  will 
be  as  much  thicker  than  water  as  that  Devonshire 
cream  is  in  which  you  can  stick  a  stone  and  it  will 
stand  bolt  upright.  That  is  what  we  are  coming  to. 
As  I  sat  here  I  have  been  thinking  of  Carlyle's  words, 
speaking  of  the  race:  "We  are  all  subjects  of  King 
Shakespeare."  Gentlemen,  where  is  the  English- 
man, Scotchman,  Irishman  or  Welshman,  where  is  the 
English-speaking  man  who  does  not  feel  that  he  is  also 
under  the  sway  of  that  British  subject,  British  soldier, 
and  first  American,  George  Washington  ?  And, 
coming  a  little  nearer  home,  are  there  many  English- 
speaking  men  who  are  not  impressed,  who  are  not 
swayed,  by  the  memory  of  that  other  English- American, 
Abraham  Lincoln?  [Hear,  hear.]  Yes,  and  coming 
to  our  own  day — and  this  I  will  speak  boldly  and 
without  fear  of  contradiction — there  is  scarcely  any 
American  that  lives  who  does  not  feel  himself  to  be 
the  subject  of  your  late  lamented  Queen  Victoria. 
[Cheers.]  She  stood  the  friend  of  the  Republic  in 
every  act  and  word  and  deed,  as  our  President  pointed 
out  in  his  admirable  address ;  and   happy  are  we  to 


84 

know,  as  we  do  know,  that  her  son,  his  Majesty,  follows 
in  her  footsteps.  I  have  known  the  Prince  of  Wales 
long,  since  the  day  that  I  took  him  on  a  locomotive  over 
the  Alleghany  mountains ;  and  I  know  that,  strong  as 
his  august  mother  was  in  her  love  of  the  kin  across  the 
sea,  that  man  is  imbued  with  the  same  sentiments,  and 
he  has  shown  that  to  all  of  us  in  a  way  that  America 
will  never  forget.  [Cheers.]  With  regard  to  our  own 
President,  it  has  been  my  privilege  to  know  President 
McKiNLEY  since  I  have  known  many  men.  I  saw  him 
recently  in  Washington  in  his  own  house.  We  then 
had  a  conversation  on  general  subjects,  and  he  took 
occasion  to  express  his  delight  at  the  fact  that  Britain 
and  the  United  States  in  China  had  been  in  sympathy. 
Why  if,  as  I  predict,  the  race  is  coming  together,  and 
after  a  while  we  are  proud  of  the  race  as  we  are  now 
proud  of  the  sections  of  the  race,  and  if  we  were  to 
form  a  society  consisting  of  the  sons  and  daughters  ot 
the  English-speaking  race,  I  believe  you  would  all  want 
to  join.  [Hear,  hear.]  The  first  members  I  should  pro- 
pose as  honorary  life  members  would  be  your  crowned 
king  and  our  uncrowned  king,  the  King  of  England 
and  the  President  of  the  United  States.  And  let  me 
say  this,  I  do  not  believe  you  could  name  two  men 
to-day  who  reciprocate  the  feelings  that  we  have 
towards  each  other,  and  who  think  more  of  their  kin 
beyond  the  sea,  than  they  do.  I  thank  you,  Mr.  Presi- 
dent, for  this  opportunity  of  saying  the  last  word,  but 
it  shall  not  be  farewell,  a  word  that  has  been  and  must 
be  a  word  that  makes  us  ponder.  Farewell  ?  no  !  I 
rather  like  the  poet's  concluding  line  "Farewell !  there 
can  be  no  farewell  to  scenes  like  this  ;  they  linger  in  the 
memory."  So  I  am  sure,  to  our  last  day,  must  linger 
in  our  memories  this  grand  re  union  of  the  commercial 
bodies  of  the  new  and  the  old  land.  I  shall  rather  end 
my  farewell  in  the  Scotch  form — so  many  good  things 
come    from   Scotland.     [Laughter.]    After   we  Scotch 


85 


people  have  had  a  night,  or  on  a  joyous  occasion  we 
usually  say,  "Happy  to  meet,  sorry  to  part,  but  happy 
to  meet  again."     [Cheers.] 


A  photograph  of  the  delegates  and  their  hosts  was 
subsequently  taken  on  the  steps  of  the  Hall. 


<t(^ 


61 


YE   1447 


